Engineering Company EIL Gains Attention and Interest from Investors and Analysts

Engineering company Engineers India Ltd. (EIL) has been making waves in the stock market recently, with its stock being called a 'Buy' by MarketsMOJO. This midcap company has been gaining attention from investors and analysts alike, and for good reason.

In recent bulk deals, Graviton Research Capital Llp has been actively buying and selling EIL shares on the National Stock Exchange (NSE). On 3rd January 2024, the company bought 53 lacs shares at Rs 203.31 and sold the same number of shares at Rs 203.41. Similarly, on 2nd January 2024, Graviton Research Capital Llp bought 60.81 lacs shares at Rs 192.89 and sold them at Rs 192.97. These deals show a strong interest in EIL's stock by the research capital firm.

In terms of price performance, EIL has been underperforming the sector by -0.86% today. However, it has been trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also been losing for the last 2 days, with a fall of -2.18% in this period. It touched an intraday low of Rs 194.6 (-3.23%) today.

In comparison to the Sensex, EIL's 1-day performance is -0.90% while the Sensex has seen a positive return of 0.25%. Over the last month, EIL has outperformed the Sensex with a return of 27.06% compared to the Sensex's 3.94%.

With such strong performance and interest from investors, it's no surprise that EIL's stock has been called a 'Buy' by MarketsMOJO. This engineering company is definitely one to watch in the stock market.