In this week’s tactical pick, we are suggesting Engineers India (CMP: Rs 69.5 Nifty level: 16636.9). Being a company that depends on industrial capex, Engineers India has suffered in the recent past. Its stock has corrected heavily from a high of Rs 93 hit in March this year to Rs 69 a share now, a drop of almost 26 per cent. The company’s near-term prospects are impacted by the delay in the finalisation of domestic orders. Engineers India’s order...
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