Elecon Engineering Outperforms Sensex with Strong Yearly and Long-Term Returns

Elecon Engineering Company, a mid-cap player in the industrial manufacturing sector, has shown significant performance metrics today. The stock has increased by 0.80% in a single day, contrasting with the Sensex, which experienced a slight decline of 0.06%. Over the past year, Elecon Engineering has delivered a robust return of 19.60%, significantly outperforming the Sensex's 7.72% during the same period.
In terms of technical indicators, the stock's daily moving averages are bullish, while the weekly MACD indicates a bullish trend, albeit with a mildly bearish outlook on the monthly scale. The Bollinger Bands reflect a mildly bullish sentiment on a weekly basis and a bullish stance monthly.

Elecon Engineering's performance over various time frames is noteworthy, with a remarkable 66.43% increase over the last three months, compared to the Sensex's 11.17%. Additionally, the company has achieved an impressive 455.11% growth over three years and a staggering 6071.88% over five years, showcasing its strong market position within the industrial manufacturing industry. The current market capitalization stands at Rs 15,585.00 crore, with a P/E ratio of 37.37, slightly below the industry average of 38.09.