Elecon Engineering Company Ltd's Stock Hits 52-Week High, Outperforms Sector

Oct 16 2024 09:36 AM IST
share
Share Via
Elecon Engineering Company Ltd, a midcap engineering company, reached a 52-week high on October 16, 2024, with a 4.07% increase in returns and outperforming the sector by 1.24%. The stock is currently trading above its moving averages, showing a positive trend. In the past year, the stock has shown a strong performance, showcasing the company's growth and potential in the engineering industry.

Elecon Engineering Company Ltd, a midcap engineering company, has reached a new milestone as its stock price touched a 52-week high on October 16, 2024. The stock has been performing well in the market, with a 'Hold' call by MarketsMOJO.

On the day of the new high, the stock outperformed the sector by 1.24% and saw a consecutive gain for the last 3 days, with a 4.07% increase in returns. The intraday high for the stock was Rs. 724.3, showing a 2.37% increase.

Elecon Engineering Company Ltd is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, Elecon Engineering Company Ltd has shown a strong performance with a 75.46% increase in stock price, compared to the Sensex's 23.55% performance. This showcases the company's growth and potential in the engineering industry.

With its consistent performance and positive market outlook, Elecon Engineering Company Ltd is a promising midcap company to watch out for in the industrial equipment sector.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News