News update in Engineers India Ltd strong Q2 FY26

Engineers India Ltd (NSE: ENGINERSIN, BSE: 532178) jumped 6.8 % today to a record ₹318.75 after announcing strong Q2 FY26 results and securing a $450 million contract for Dangote’s Mega Greenfield Refinery in Kenya. The stock has gained over 61 % in six months, outperforming the Sensex by nearly 70 percentage points. 📊 Market Snapshot (Sept 25 2026) Metric Value Change NSE Price ₹ 315.65 ▲ 6.40 % BSE Price ₹ 315.70 ▲ 6.37 % Intraday High ₹ 318.75 New 52‑week high 52‑Week Range ₹ 163.60 – ₹ 318.75 Bullish breakout Volume 19.6 M shares (NSE) Heavy buying interest 🧾 Q2 FY26 Results Highlights Total Revenue: ₹ 921.29 crore (+5.85 % QoQ, +33.7 % YoY) Operating Profit: ₹ 109.61 crore (+78.1 % QoQ) Profit After Tax: ₹ 83.49 crore (+27.6 % QoQ) Operating Margin: 11.9 % Diluted EPS: ₹ 1.49 (vs ₹ 1.77 YoY, down 15.8 %) Total Operating Expense: ₹ 811.68 crore (+27.6 % YoY) These numbers confirm robust operational growth and a bullish trend in both short‑ and long‑term technicals. 🌍 Strategic Developments New Contract: EIL signed a $450 million agreement with Dangote Group to act as PMC and EPCM consultant for the Mega Greenfield Refinery & Petrochemical Plant in Kenya. Order Book: ₹ 17,000 crore (as of FY26 end); order inflows ₹ 7,978 crore. FY27 Target: 10 % revenue growth; maintain operating margin 14–16 %. Domestic vs International Orders: ₹ 2,492 crore (domestic) + ₹ 1,073 crore (international). 📈 Technical & Performance Insights Momentum: +18.7 % weekly, +26.5 % monthly, +57.1 % YTD. Moving Averages: Trades above 5‑, 20‑, 50‑, 100‑, and 200‑day averages → strong bullish configuration. Sector Outperformance: +6.17 percentage points vs Construction sector average. Market Sentiment: Investors view EIL as a large‑cap engineering consultancy with solid fundamentals and momentum. ⚠️ Investor Watchpoints Resistance Zone: ₹ 320 – ₹ 325 (near record high). Support Levels: ₹ 295 – ₹ 300 (consolidation range).