Mid-cap Picks with Anil Singhvi: Analyst Ambareesh Baliga picks EIL, NBCC, JHS Svendgaard today for high returns
Analyst Baliga picked Engineers India (EIL) as his long term buy. He said that EIL was a very good designing, engineering and turnkey services company. Most of the business comes from the oil marketing companies, he said. The orderbook position is robust with orders worth over Rs 8300 cr. It is likely to get some more orders over the next 1-2 quarters. It is a zero-debt company
EIL stock was trading around Rs 81 at the time of recommendation. He puts the target price at Rs 106. He has a 9-12-month view on this stock