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Shares of Elecon Engineering Company gained nearly 8 percent intraday Wednesday as company pledged shares with Bajaj Finance.
Elecon is Bajaj Finance’s customer who has borrowed from them and pledged shares in Bajaj Finance’s favour.
At 12:08 hrs Elecon Engineering Company was quoting at Rs 65.80, up Rs 3.85, or 6.21 percent on the BSE.
The share touched its 52-week high Rs 113.50 and 52-week low Rs 45.00 on 21 December, 2017 and 11 August, 2017, respectively.
Currently, it is trading 42.95 percent below its 52-week high and 43.89 percent above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 0.72 per share. (Mar, 2018). The stock's price-to-earnings (P/E) ratio was 88.33. The latest book value of the company is Rs 65.72 per share.
Posted by Rakesh Patil
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