Enviro Infra Engineers Shares Drop 9%, Ending 6-Day Gain Streak

On December 18, Enviro Infra Engineers share price traded 8.985 lower at ₹346.42 at 10:15 AM on the NSE. The stock opened at ₹371.70, lower than its previous close of ₹380.59. Between December 13 and December 17, 2024, the share price of Enviro Infra Engineers saw a significant upward movement, gaining approximately 29.3%. The stock price rose from ₹294.41 on December 13 to ₹380.59 on December 17.

Board Meeting to Approve Financial Results Today

Enviro Infra Engineers has announced that its Board of Directors will meet today, to review and approve the standalone and consolidated unaudited financial results for the quarter and half-year ending September 30, 2024.

The company also announced that, following the board meeting, analysts and institutional investors will receive a presentation on the financial results later that day.

Strong Market Debut

Enviro Infra Engineers made an impressive stock market debut on November 29, 2024, opening at nearly a 50% premium to its issue price. The public offering saw overwhelming investor interest, with the issue being subscribed 89.90 times during the three-day bidding period.

About Enviro Infra Engineers

Enviro Infra Engineers provides environmental engineering solutions, focusing on services like waste management, pollution control, and sustainable infrastructure development. The company works across industrial, municipal, and commercial sectors.

Known for its expertise, Enviro Infra Engineers designs and delivers eco-friendly systems and processes that help reduce environmental impact.

Share Price Performance

Despite today’s decline, the stock remains close to its 52-week high of ₹392.00, reflecting a strong performance in the broader market context. The 52-week low stands at ₹205.10, highlighting the significant rise in the stock’s value ever since its debut on the stock exchanges.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.