Vijay Chopra of enochventures.com told CNBC-TV18, "Engineers India (EIL) has been consolidating nicely and trading around Rs 140-150 range. Today it is trading at around Rs 158-159. My sense is that even if market supports a bit, it has the potential of going to Rs 180 and then maybe Rs 200."
He further added, "It is a strong stable company, government of India company, and a lot of projects are there in hand. So, I would recommend hold on the stock."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!