Navratna engineers India shares jump 4% as BofA securities buys ₹100 cr stake

Shares of Engineers India Ltd rose 4% after BofA Securities Europe SA acquired a 0.81% stake worth nearly ₹100 crore, boosting investor confidence amid strong Q3 FY26 results.

Shares of Engineers India Ltd (EIL), a Navratna PSU providing engineering consultancy and turnkey project services, came into focus on Tuesday after a bulk deal highlighted fresh foreign institutional investor (FII) interest in the company.

The stock gained around 4% during the session to touch a high of ₹236, compared with its previous close of ₹226.75. With a market capitalisation of about ₹12,350 crore, the stock is currently trading at a price-to-earnings (P/E) ratio of 16.1, broadly in line with the industry average of 16.4.

The rally followed the disclosure that BofA Securities Europe SA acquired 45.97 lakh shares, representing a 0.81% stake in the company, through a bulk deal valued at approximately ₹99.8 crore. The shares were bought at an average price of ₹217.06 apiece, indicating confidence in the company’s valuation and growth prospects.

Market participants view FII participation as a positive signal, particularly for a PSU like Engineers India that is closely linked to government-led capital expenditure, hydrocarbons, petrochemicals, infrastructure development and energy transition projects. The investment is seen as a strategic bet ahead of execution-led revenue growth.

On the financial front, Engineers India reported strong performance in Q3 FY26. Revenue from operations rose 58% year-on-year to ₹1,210 crore, compared with ₹765 crore in Q3 FY25. Net profit surged to ₹347 crore in Q3 FY26 from ₹109 crore in the corresponding quarter last year.

As of December 2025, the company’s total order book stood at a healthy ₹12,538 crore, providing robust revenue visibility. The consultancy segment accounted for ₹7,501 crore, or around 60% of the order book, while the turnkey business contributed ₹5,037 crore, or 40%. The higher share of consultancy projects underlines the company’s asset-light business model and margin stability.

Overall, strong financial performance, a solid order book and renewed FII interest have supported positive sentiment around Engineers India shares.