Emkay Global Financial is bullish on Elecon Engineering has recommended buy rating on the stock with a target price of Rs 750 in its research report dated October 14, 2025.
"We anticipate demand uptick in balance 9M of FY25 to recoup the revenue loss in Q1FY25," said Elecon Engineering.
Just Dial recorded healthy rally with robust volumes for yet another session, forming strong bullish candlestick pattern on the daily timeframe. The stock traded above all key moving averages, which is a positive sign.
The said contract is to be executed in 10 months.
A meeting of the board of directors of the company will be held on 0ctober 20, 2023 to consider financial results for the quarter and half year ended on September 30, 2023.
Elecon Engineering Company has posted 72.6 percent jump in its Q1 net profit at Rs 73 crore versus Rs 42 crore and revenue was up 26.4 percent at Rs 414.3 crore versus Rs 327.7 crore, YoY.
Elecon Engineering is looking lucrative on technical fronts. Technically, it is bouncing back from a 38.2 percent retracement of the previous rally. It has witnessed a breakout of the triangle formation with strong volume, which suggests much more potential upside in this counter.
Indoco Remedies has given a falling trendline breakout with a rise in volume activity. The stock has broken above the previous swing high and negated the lower high lower low formation. The RSI indicator can also be seen giving a trendline breakout and confirming the bullish view.
Elecon Engineering reported a weak quarter which was impacted by customer issues. PB Patel, CMD of the company spoke about the results and his outlook for the company.
One of the key expectations from Finance Minister's Budget speech is the rollout the new indirect tax regime, or the goods and service tax (GST).
The Engineering and Capital goods industry, being at the epicenter of various sectors, requires to have necessary attention and be highly leveraged. Capital intensive needs a lot of issues to be resolved and positive policy changes which would enable them to innovate and build competitive advantage.
In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Emkay Global Financial Services has come with its September quarterly earning estimates for Engineering & Capital Goods (ECG) sector. According to the research firm, subdued performance is expected in Q2FY13E.
Emkay Global Financial Services has come with its June quarterly earning estimates for Engineering & Capital Goods (ECG) sector. According to the research firm, revenue growth would moderate to 11% (YoY) to Rs 276.9 bn.
Triveni Engineering, Elecon Engineering, Bharat Forge and a Belgian co. are in race to buy Shanthi Gears, reports The Economic Times.
Gujarat-based material-handling equipment and transmission products-maker Elecon Engineering on Monday said it has bagged an order worth Rs 104.4 crore from BHEL.
On June 26, 2012 HDFC Mutual Fund A/C HDFC Infrastructure Fund sold 1,000,000 shares of Elecon Engineering at Rs 54 on the BSE sold 1,007,331 shares at Rs 53.98 on the NSE.
Material handling equipment and transmission products maker Elecon Engineering has bagged two orders with an aggregate worth of over Rs 23 crore.
On May 03, Elecon Engineering has received order worth of Rs 11.30 crore from CETHAR ltd.
KRChoksey has come out with its earnings estimates on Elecon Engineering for March FY12. According to the research firm, company's Q4FY12 sales are likely to go up by 11% at Rs 392 crore, Year-on-Year (YoY) basis.
KRChoksey has come with its quarterly earning estimates on power & capital goods sector for March 2012. According to the research firm, imposition of import duty on power equipment would be another positive for Indian capital goods industry is a key factor to watch out for.
Emkay Global Financial Services has come out with its report on Engineering & Capital Goods.
Prashant Amin, executive director of Elecon Engineering spoke to CNBC-TV18 about the new orders the company has bagged from McNally Bharat and what it means for their financials.
Invest in Elecon Engineering. In two years one could find an appreciation between 50-75% over current market price, says Deven Choksey, MD, KR Choksey Shares and Securities.
Deven Choksey, managing director of KR Choksey Shares and Securities suggested stocks from the banking and capital goods space for two-three years time frame.