Elecon Engineering Company surges on bagging order worth Rs 51.41 crore
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Elecon Engineering Company is currently trading at Rs. 807.35, up by 19.45 points or 2.47% from its previous closing of Rs. 787.90 on the BSE.
The scrip opened at Rs. 790.60 and has touched a high and low of Rs. 826.00 and Rs. 790.60 respectively. So far 20160 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 983.40 on 05-Sep-2023 and a 52 week low of Rs. 331.25 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 849.50 and Rs. 772.00 respectively. The current market cap of the company is Rs. 9001.80 crore.
The promoters holding in the company stood at 59.29%, while Institutions and Non-Institutions held 7.80% and 32.90% respectively.
Elecon Engineering Company has received an order of Rs 51.41 crore (excluding GST) from Arcelormittal Nippon Steel India (AMNS), Hazira, Gujarat, India for supply and supervision of Pipe Conveyor System at its Hazira Plant, Gujarat. The order is to be executed within around 12 Months.
Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment.
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