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Elecon Engineering Company Limited
Share Price Target & Analysis

NSE:ELECON

1149.25

VWAP

1147.00

Open

1144.55

Close

1154.50

High

1132.05

Low

1245.00

52 Week High

1146.05 ⇧
2.95 (0.26%)

ELECON

(INDUSTRIAL MANUFACTURING)
86.4% Momentum

Trending & Favourite

518.00

52 Week Low

27.02

EPS

61.65

PE

9.54

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: ELECON Share Price Financial Analysis & Valuation

Elecon Engineering Company Limited (ELECON) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Engineering - Heavy vertical. It is one of Mid Cap company with Market Capitalization of Rs 1962.9 (in Cr). Total number of free float shares are 11.2 (in Lacs). Elecon Engineering Company Limited is listed on NSE with Exchange ID - INE205B01023 and trading code is NSE:ELECON with short name Elecon Eng.

In the past 1 year, Elecon Engineering Company Limited has declared an equity dividend of Rs 1.4 per share. At the current share price of ELECON at Rs 1146.05, this results in a dividend yield of 0.12 %.

As per the Fundamental Analysis of NSE:ELECON, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine ELECON underlying value and future prospects. All of this data is available in ELECON financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:ELECON, it is clearly understood that ELECON is Economical performer in terms of earnings and profit margins with an EPS of 27.02. NSE:ELECON book value per share as of today is 120.10. The current price to book ratio for ELECON as of May 18, 2024 is 9.54.

Valuation of the Stock: The current valuation of ELECON stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ELECON whether to BUY this stock at current valuation. The delivery percentage of ELECON is 33.16% is very crucial parameter which shows that 33.16% investors are anticipating that the price of ELECON share should go up with VWAP at 1149.25.

Now, the main question is whether to BUY or SELL, NSE:ELECON at current valuation.
As per latest Analysis No. #3593:-

⇑ STRONG BUY ELECON if All Greens

⇗ BUY ELECON (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD ELECON (With Stop Loss) if only 1 Green

⇘ SELL ELECON if NO Green Indicator

NSE: ELECON Share Price Today (May 18, 2024)

(Elecon Engineering Company Limited Daily Analysis on the basis of ELECON Intraday Graph & Trend)

Elecon Engineering Company Limited share price moved Up by 0.26% from its previous close of Rs 1144.55. ELECON stock last traded price is 1146.05. ELECON share price trend is Up with a total of 17506 stocks traded till now. It has touched an intraday high of Rs 1154.50 and an intraday low of Rs 1132.05. The ELECON trading at 1146.05, Up by Rs. 2.95, or 0.26 percent which suggests that most of the Traders are anticipating that the price of ELECON share should go Up.

NSE: ELECON Share Price Tomorrow Prediction

(Elecon Engineering Company Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ELECON)

Elecon Engineering Company Limited share price moved Up by 0.26%. ELECON share price short term trend is Up. It suggests that ELECON Share Price for Tomorrow remains the same with VWAP at 1149.25 will be treated as stop loss for intraday traders. Elecon Engineering Company Limited Long term investors can follow the ELECON long term trend as mentiond in future forecast table.

NSE Code

NSE: ELECON

ELECON Share Price Today

 1146.05

ELECON Share Price Target Prediction for 2024 ^

 848.8 - 1251.2

ELECON Share Price Target Prediction for 2025*^

 1251.2 - 1332.9

ELECON Share Price Target Prediction for 2026*^

 1332.9 - 1426.2

ELECON Share Price Target Prediction for 2027*^

 1498

ELECON Share Price Target Prediction for 2028*^

 1540

ELECON Share Price Target Prediction for 2030*^

 1679
ELECON Current Book Value 2023
119.5

*Elecon Engineering Company Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^ELECON share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

ELECON Technical Analysis

Candlestick Pattern: @1097.75

ELECON Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 1041.18 BUY 1065.17 BUY
MA_12 1079.18 BUY 1066.63 BUY
MA_20 1092.18 BUY 1062.49 BUY
MA_32 1044.62 BUY 1046.52 BUY
MA_50 1002.88 BUY 1031.24 BUY
MA_100 1012.5 BUY 1000.08 BUY
MA_200 920.77 BUY 899.47 BUY

ELECON Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 1092.18 Uptrend
MACD -8.56 SELL
ADX 22.98 NO or Weak Trend
DMI (+/-) 25.91 / 23.08 Uptrend

ELECON Momentum Oscillators

BUY (4) NEUTRAL (7) SELL (1)
Momentum Oscillators Value Action
RSI 55.98 Neutral
STOCHASTIC_K (Fast) 95.33 Overbought
STOCHASTIC_D (Slow) 78.2 Neutral
CCI 14.97 Neutral
PSAR 920.05 BUY
TRUE RANGE 41.55 SELL
ATR 56.57 Neutral
WILLIAMS R -31.38 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 73.36 Neutral
MOMENTUM 125.75 BUY

ELECON Last 1 Year Trend

Duration Value
1 Year 140.68%
3 Months 3.87%
1 Month 12.94%
1 Week 2.96%

ELECON Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 67%
NEUTRAL / HOLD 27%
SELL 7%

Most popular Questions & Answers about ELECON


Elecon Engineering Company Limited stock last traded price is 1146.05. ELECON share price moved Up by 0.26% from its previous close of Rs 1144.55.

Elecon Engineering Company Limited share price trend is Up with a total of 17506 stocks traded till now. It has touched an intraday high of Rs 1257.45 and an intraday low of Rs 1132.05. The ELECON trading at 1146.05, Up by Rs. 2.95, or 0.26 percent which suggests that most of the Traders are anticipating that the price of ELECON share should go Up and the Stop Loss will be around 1149.25.

The market cap of Elecon Engineering Company Limited is ₹1962.9 (in Cr) as of May 17, 2024.

The current price to earning ratio for Elecon Engineering Company Limited as of May 17, 2024 is 61.65.

The current price to book ratio for Elecon Engineering Company Limited as of May 17, 2024 is 9.54.

The highest price of Elecon Engineering Company Limited stock is ₹1245.00 in the last 52-week.

The lowest price of Elecon Engineering Company Limited stock is ₹518.00 in the last 52-week.

Elecon Engineering Company Limited share trading at ₹1146.05, Up by Rs. 2.95, or 0.26 percent which suggests that most of the traders are anticipating that the price of ELECON share should go Up.

In 2023, Stock price target for Elecon Engineering Company Limited (ELECON) are ₹848.8 on downside and ₹1251.2 on upside. Elecon Engineering Company Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Elecon Engineering Company Limited (ELECON) are ₹1251.2 on downside and ₹1332.9 on upside. Elecon Engineering Company Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Elecon Engineering Company Limited (ELECON) are ₹1332.9 on downside and ₹1426.2 on upside. Elecon Engineering Company Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Elecon Engineering Company Limited (ELECON) will be around ₹1540 Elecon Engineering Company Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ELECON.

As per the fundamental analysis of Elecon Engineering Company Limited (ELECON), it is of Economical quality in terms of earnings and profit margins with an EPS of 27.02. Elecon Engineering Company Limited book value per share as of today is 120.10. The current price to book ratio for ELECON as of May 18, 2024 is 9.54.


NSE:ELECON News & Other Useful Information about ELECON Share Price


Peer Comparison of NSE: ELECON

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Engineering - Heavy

Company Price EPS BV
PRAJIND 528.20 15.35 58
GMMPFAUDLR 1404.70 17.29 156.74
VARROC 568.45 17.35 36.28
ISGEC 1114.05 30.33 264.62
IRCON 274.80 8.78 55.06
GRSE 1123.00 26.27 123.42
ACE 1452.15 23.64 76.35
ELECON 1146.05 27.02 120.1
KABRAEXTRU 381.90 9.06 110.03
TDPOWERSYS 329.90 7.63 167.51
Updated at: 17 May 2024 15:50

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