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Elecon Engineering surges on bagging order worth Rs 6.15 crore from Madras Cement

26 Dec 2012

Elecon Engineering Company is currently trading at Rs. 48.15, up by 0.90 points or 1.90% from its previous closing of Rs. 47.25 on the BSE.

The scrip opened at Rs. 47.55 and has touched a high and low of Rs. 49.35 and Rs. 47.55 respectively. So far 51743 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.60 on 17-Feb-2012 and a 52 week low of Rs. 39.75 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs. 49.90 and Rs. 46.70 respectively. The current market cap of the company is Rs. 451.31 crore.

The promoters holding in the company stood at 46.12% while Institutions and Non-Institutions held 16.42% and 37.46% respectively.

Elecon Engineering Company has received letter of intent worth Rs 6.15 crore from Madras Cement for supply of material handling equipments and other spares for grinding unit project.

Elecon Engineering Company (EECL) is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.

Related Elecon Engineering Company Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323