Elecon Engineering Company is currently trading at Rs. 55.25, up by 2.40 points or 4.54% from its previous closing of Rs. 52.85 on the BSE.
The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 55.35 and Rs. 54.55 respectively. So far 93,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 74.00 on 19-Oct-2016 and a 52 week low of Rs. 45.40 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 55.35 and Rs. 51.20 respectively. The current market cap of the company is Rs. 618.78 crore.
The promoters holding in the company stood at 58.58%, while Institutions and Non-Institutions held 8.64% and 32.78% respectively.
Elecon Engineering Company has bagged an order worth Rs 130 crore from Ramagundam Fertilizers and Chemicals for installing urea bagging and conveying systems at their complex at Ramagundam, Telangana. The company also recently received orders worth Rs 45 crore in cement, power, port and coal sectors.
Elecon Engineering Company is one of Asia’s largest gear manufacturing company with vast experience of about five decades and significant business presence in India and abroad. The company designs and manufactures worm gears; parallel shaft and right angle shaft; helical and spiral level helical gears; fluid geared and flexible couplings, as well as planetary gearboxes.
