Elecon Engineering is currently trading at Rs. 48.40, up by 1.10 points or 2.33% from its previous closing of Rs. 47.30 on the NSE.
The scrip opened at Rs. 47.90 and has touched a high and low of Rs. 48.90 and Rs. 47.30 respectively. So far 2, 53,162 shares were traded on the counter.
The NSE stock of face value Rs. 2 has touched a 52 week high of Rs. 70.80 on 17-Feb-2012 and a 52 week low of Rs. 39.80 on 29-Aug-2012.
The current market cap of the company is Rs. 210.14 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 12.21 crore from NMDC for supply, erection and commissioning of Lump ore Reclaimer including initial spares to client’s Bacheli Complex 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.
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