Engineers India - Diwali Picks 2012 - Kotak

CMP - Rs.227, Current TP - Rs.275

- Engineers India Ltd (EIL) is India's leading publicly held company engaged in the areas of hydrocarbon, metals and infrastructure consultancy.

- According to Ministry of petroleum and natural gas, domestic crude oil refining sector is likely to significant capacity in twelfth five year plan. EIL is likely to benefit from this as it enjoys entrenched relationship with PSU majors like HPCL, BPCL, IOC etc.

- In order to widen its spectrum of offerings, company has entered into various favourable joint ventures with domestic as well as international players.

- Stock is trading at very attractive valuations of about 10.1x on FY14 estimates.

Source : Equity Bulls

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