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Elecon Engineering Company shines on getting nod to incorporate step down wholly owned subsidiary Elecon Engineering Company is currently trading at Rs. 699.70, up by 67.90 points or 10.75% from its previous closing of Rs. 631.80 on the BSE. The scrip opened at Rs. 634.00 and has touched a high and low of Rs. 748.00 and Rs. 634.00 respectively. So far 178722 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 748.00 on 11-Jul-2023 and a 52 week low of Rs. 287.55 on 11-Jul-2022. Last one week high and low of the s...
Elecon Engineering Company shines on getting nod to incorporate step down wholly owned subsidiary
Elecon Engineering Company shines on getting nod to incorporate step down wholly owned subsidiary
Source: Accord Fintech
11/07/2023 1:15:55 PM
Elecon Engineering Company Ltd For Target Rs. 520 - Nirmal Bang Elecon is a manufacturer of industrial gears (~90% mix) & material handling equipment (MHE) (~10% mix). It is a play on industrial capex across various sectors, especially in cement, steel, power, sugar and other sectors. Elecon is the leader in industrial gears with a market share of 35% in India. Strong industrial capex is likely to drive higher utilisation in the industrial gear segment. We envisage particularly solid demand from the steel and cement sectors (around 30% of Elecon&rs...
Elecon Engineering Company Ltd For Target Rs. 520 - Nirmal Bang
Elecon Engineering Company Ltd For Target Rs. 520 - Nirmal Bang
Source: Nirmal Bang Ltd
31/03/2023 4:30:23 PM
Fundamental Picks 2023 By Nirmal Bang Axis Bank CMP: Rs. 934 Target: Rs.1130 Axis Bank is among India’s top-3 private banks with advances at Rs. 7.3 Lac Cr, strong liability franchise, large distribution network and an array of product offerings. With top management revamped in 2019 and organizational restructuring/changes happening over last 4 years, Axis is now in a good position to harvest the gains. We see the most recent quarterly results as an indication that the bank has reached an inflection point as the ban...
Fundamental Picks 2023 By Nirmal Bang
Fundamental Picks 2023 By Nirmal Bang
Source: Nirmal Bang Ltd
31/12/2022 10:18:56 AM
Stock of the week : Elecon Engineering Company Ltd For Target Rs.s 432 - GEPL Capital Elecon Engineering Company Ltd is engaged in delivering power transmission solutions and material handling equipment. The company caters to the needs of various sectors like steel, fertilisers, cement, coal, lignite and iron ore mines, sugar, power stations and port mechanization in India and abroad. They have emerged as the largest gear manufacturing company in Asia. The company mainly operates through Power Transmission solutions Investment Rationale * Revenue Guidance of 24% fro...
Stock of the week : Elecon Engineering Company Ltd For Target Rs.s 432 - GEPL Capital
Stock of the week : Elecon Engineering Company Ltd For Target Rs.s 432 - GEPL Capital
Source: GEPL Capital
29/08/2022 12:50:18 PM
Weekly Tech Picks - Elecon Engineering Company Limited, Indus Towers Limited, ACC Limited, Pidilite Industries Limited By Axis Securities Elecon Engineering Company Limited • On the weekly chart, the stock has witnessed “rounding bottom” breakout around 220 levels and sustaining above the same • This breakout is accompanied with huge volumes indicating increased participation • In addition, the stock has confirmed higher tops and bottoms • The stock is well placed above its 20, 50 , 100 and 200 SMA which reconfirmed bullish trend • The daily and weekly strength indicator ...
Weekly Tech Picks - Elecon Engineering Company Limited, Indus Towers Limited, ACC Limited, Pidilite Industries Limited By Axis Securities
Weekly Tech Picks - Elecon Engineering Company Limited, Indus Towers Limited, ACC Limited, Pidilite Industries Limited By Axis Securities
Source: Axis Securities Ltd
20/06/2022 10:47:48 AM
Elecon Engg. Q4 net profit jumps 49.44% at Rs 33.52 cr The company reported standalone net profit of Rs 33.52 crore for the quarter ended March 31, 2022 as compared to Rs 22.43 crore in the same period last year, registering a year-on-year growth of 49.44 per cent. Net revenue of the company declined moderately by 10.11 per cent at Rs 245.81 crore in January-March quarter of this fiscal as against Rs 273.47 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 9.56 per cent to Rs 195.08 crore fro...
Elecon Engg. Q4 net profit jumps 49.44% at Rs 33.52 cr
Elecon Engg. Q4 net profit jumps 49.44% at Rs 33.52 cr
Source: Dion Global Solutions Ltd
4/05/2022 12:50:51 PM
Stock Picks - Buy Elecon Engineering Company Ltd For Target Rs. 193 - ICICI Direct Technical Observations * The share price of Elecon has formed higher base above Multi year breakout area of | 115 and has recently registered a breakout above the last 10 weeks range (| 155-115) signaling resumption of up trend thus offers fresh entry opportunity * We expect the stock to head towards | 195 levels in the coming weeks as it is the measuring implication of range breakout (|155-115=40) points added to breakout area of | 155 signalling upside towards | 195 * Key poin...
Stock Picks - Buy Elecon Engineering Company Ltd For Target Rs. 193 - ICICI Direct
Stock Picks - Buy Elecon Engineering Company Ltd For Target Rs. 193 - ICICI Direct
Source: ICICI Direct
17/08/2021 11:07:18 AM
Elecon Engineering Q4 net profit down 63.96% at Rs 22.43 cr The company reported standalone net profit of Rs 22.43 crore for the quarter ended March 31, 2021 as compared to Rs 62.23 crore in the same period last year, registering a year-on-year decline of 63.96 per cent. Net revenue of the company rose substantially by 35.59 per cent at Rs 273.47 crore in January-March quarter of this fiscal as against Rs 201.69 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 14.23 per cent to Rs 215.69 cro...
Elecon Engineering Q4 net profit down 63.96% at Rs 22.43 cr
Elecon Engineering Q4 net profit down 63.96% at Rs 22.43 cr
Source: Dion Global Solutions Ltd
28/05/2021 2:20:36 PM