Espresso Shot of the Day - Elecon Engineering Co Ltd up by 12.83 percent

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Espresso Shot of the Day - Elecon Engineering Co Ltd up by 12.83 percent

June 02, 2022
Espresso Shot of the Day - Elecon Engineering Co Ltd up by 12.83 percent

ELECON ENGINEERING CO.LTD. 229.05 (+12.83%) BSE – INE205B01023 | 2ND JUNE 2022

https://www.myespresso.com/images/Binge-graph-image_-ELECON-ENGINEERING-CO-202206021713497898324.jpg

Elecon Engineering Company Ltd.  was established in the year 1951. They were the pioneers in the manufacturing of Industrial Geared Motors and Reducers, Material Handling Equipment, Mining equipment, Casting Processes etc. Elecon is one of the largest manufacturers of Material Handling Equipments and Industrial Gears in Asia. Elecon's recent acquisition of Benzlers- Radicon Group belonging to the David Brown Gear Systems adds to the expertise in the manufacturing of custom made Gearboxes for Steel Mills, High Speed Turbines, Satellites for ISRO and also for the Naval Aircraft carries and many other growing industries.


Recent Drivers

  • On May 23, 2022, the company declared a Final Dividend of Rs.1.00/- and additionally Special Dividend of Rs.0.40/ -
  • On May 17, 2022, Brickwork Ratings India Private Limited revised the rating for company’s Long term loans from BWR A- to BWR A
  • On May 04, 2022, the company reported Net Sales at Rs.245.81 crores in March 2022 
  • On May 04, 2022, the company reported a Quarterly Net Profit at Rs.33.52 crores in March 2022, up 49.45% from Rs.22.43 crores in March 2021.
 (Sources: BSE, Moneycontrol)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 1.23%
  • Traded on 52 Week high value 231.50
  • 3 months avg. NSE volume: 7,21,584
  • Quantity traded: 5, 58,429 | Deliverable quantity: 2, 13,376 (38.21%)
  • Stock price jumped by more than 100% from a one-year low level: 115.00 (Jun 8, 2021)
  • Daily RSI (14) is near Oversold territory today
  • 52-week-high: 231.50 | 52-week-low: 115.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

433.23

326.12

255.28

148.17

77.33

-

-

    -

Fibonacci Pivot

326.12

258.14

216.14

189.10

148.17

107.24

80.19

38.19

    -


Today’s Close

229.05

SMA

BSE

10 DAY

200.27

20 DAY

191.02

50 DAY

179.85

200 DAY

174.42


Some Key Ratios (Source: BSE)

Market Cap: 2,569.94 Crores

PE: 26.91

OPM%: 21.85

ROE%: 10.52

Promoters holding%: 59.26

Prev. Close: 203.00



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.





Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.