Elecon Engineering Company is currently trading at Rs. 36.35, up by 0.40 points or 1.11% from its previous closing of Rs. 35.95 on the BSE.
The scrip opened at Rs. 35.55 and has touched a high and low of Rs. 36.75 and Rs. 35.55 respectively. So far 25738 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.25 on 21-Feb-2012 and a 52 week low of Rs. 35.00 on 14-Feb-2013.
Last one week high and low of the scrip stood at Rs. 39.30 and Rs. 35.00 respectively. The current market cap of the company is Rs. 334.30 crore.
The promoters holding in the company stood at 46.12% while Institutions and Non-Institutions held 15.21% and 38.67% respectively.
Elecon Engineering Company has been awarded orders aggregating worth Rs 14.42 crore from Monnet Ispat & Energy for design, engineering, manufacture, shop testing, inspection, painting, packing & forwarding and Erection, Start-up, Trail Operation, Testing, Commissioning of Stacker Reclaimers for Coal and Iron Ore and Pellet respectively of Monnet Ispat & Energy at Raigarh in Chhattisgarh.
The company had recently been awarded Letter of intent of Rs 183.00 crore from NCC (formerly Nagarjuna Construction Company) Madhapur, Hyderabad for Design, Engineering , Supply, Transportation, Erection, Testing & Commissioning of complete External Coal Handling Pipe Conveyor System Package of 4000TPH including Mandatory spares for 2x660MW NCCPPL Super Critical TPP at Ananthapuram village, Muthukur Mandal Nellore District, Andhra Pradesh.
Elecon Engineering Company is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.
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