SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Elecon Engineering Company shines on getting nod to incorporate step down wholly owned subsidiary

11 Jul 2023 Evaluate

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 scrip stood at Rs. 748.00 and Rs. 618.15 respectively. The current market cap of the company is Rs. 7341.80 crore.

The promoters holding in the company stood at 59.29%, while Institutions and Non-Institutions held 4.83% and 35.88% respectively.

Elecon Engineering Company has received approval to incorporate the wholly owned subsidiary (WOS) of Elecon Middle East FZCO, Dubai, which is a WOS of the Company. The Board of Directors of the company at its meeting held on July 11, 2023, inter alia, approved the same. 

Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment.


Elecon Engg. Share Price

412.80 6.05 (1.49%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
Kirloskar Oil Eng 1616.95
Skipper 433.50
GMM Pfaudler 931.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×