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Elecon Engineering Company Limited
Share Price Target & Analysis

NSE:ELECON

556.06

VWAP

562.5

Open

564.85

Close

566.25

High

549.05

Low

739.1

52 Week High

560.95 ⇩
-3.90 (-0.69%)

ELECON

(INDUSTRIAL MANUFACTURING)
48.2% Momentum

Turnaround Potential

395.15

52 Week Low

12.72

EPS

105.83

PE

9.34

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 - INE205B01031 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 560.95, this results in a dividend yield of 0.25 %.

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 12.72. NSE:ELECON book value per share as of today is 60.05. The current price to book ratio for ELECON as of Nov 23, 2024 is 9.34.

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 33.55% is very crucial parameter which shows that 33.55% investors are anticipating that the price of ELECON share should go up with VWAP at 556.06.

Now, the main question is whether to BUY or SELL, NSE:ELECON at current valuation.
As per latest Analysis No. #3945:-

⇑ 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 (Nov 23, 2024)

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

Elecon Engineering Company Limited share price moved Down by -0.69% from its previous close of Rs 564.85. ELECON stock last traded price is 560.95. ELECON share price trend is Down with a total of 336556 stocks traded till now. It has touched an intraday high of Rs 566.25 and an intraday low of Rs 549.05. The ELECON trading at 560.95, Down by Rs. -3.90, or -0.69 percent which suggests that most of the Traders are anticipating that the price of ELECON share should go Down.

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 Down by -0.69%. ELECON share price short term trend is Down. It suggests that ELECON Share Price for Tomorrow remains the same with VWAP at 556.06 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

 560.95

ELECON Share Price Target Prediction for 2024 ^

 414.3 - 602.4

ELECON Share Price Target Prediction for 2025*^

 602.4 - 791.3

ELECON Share Price Target Prediction for 2026*^

 791.3 - 846.7

ELECON Share Price Target Prediction for 2027*^

 889

ELECON Share Price Target Prediction for 2028*^

 914

ELECON Share Price Target Prediction for 2030*^

 997
ELECON Current Book Value 2023
59.7

*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: @558.5

ELECON Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 561.03 SELL 561.64 SELL
MA_12 571.63 SELL 575.18 SELL
MA_20 576.35 SELL 586.38 SELL
MA_32 622.08 SELL 601.61 SELL
MA_50 627.03 SELL 609.69 SELL
MA_100 622.63 SELL 610.54 SELL
MA_200 577.66 SELL 571.02 SELL

ELECON Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 576.35 Downtrend
MACD -1.1 SELL
ADX 24.63 NO or Weak Trend
DMI (+/-) 16.05 / 29.4 Downtrend

ELECON Momentum Oscillators

BUY (0) NEUTRAL (9) SELL (3)
Momentum Oscillators Value Action
RSI 41.38 Neutral
STOCHASTIC_K (Fast) 33.35 Neutral
STOCHASTIC_D (Slow) 16.57 Oversold
CCI -86.89 Neutral
PSAR 592.34 SELL
TRUE RANGE 30.25 Neutral
ATR 28.66 Neutral
WILLIAMS R -65.78 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 75.51 Neutral
STOCHASTIC RSI D 25.17 Neutral
MOMENTUM -172.75 SELL

ELECON Last 1 Year Trend

Duration Value
1 Year 22.95%
3 Months -6.63%
1 Month -23.62%
1 Week -5.93%

ELECON Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 33%
SELL 67%

Most popular Questions & Answers about ELECON


Elecon Engineering Company Limited stock last traded price is 560.95. ELECON share price moved Down by -0.69% from its previous close of Rs 564.85.

Elecon Engineering Company Limited share price trend is Down with a total of 336556 stocks traded till now. It has touched an intraday high of Rs 746.491 and an intraday low of Rs 549.05. The ELECON trading at 560.95, Down by Rs. -3.90, or -0.69 percent which suggests that most of the Traders are anticipating that the price of ELECON share should go Down and the Stop Loss will be around 556.06.

The market cap of Elecon Engineering Company Limited is ₹1962.9 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Elecon Engineering Company Limited as of Nov 22, 2024 is 105.83.

The current price to book ratio for Elecon Engineering Company Limited as of Nov 22, 2024 is 9.34.

The highest price of Elecon Engineering Company Limited stock is ₹739.1 in the last 52-week.

The lowest price of Elecon Engineering Company Limited stock is ₹395.15 in the last 52-week.

Elecon Engineering Company Limited share trading at ₹560.95, Down by Rs. -3.90, or -0.69 percent which suggests that most of the traders are anticipating that the price of ELECON share should go Down.

In 2023, Stock price target for Elecon Engineering Company Limited (ELECON) are ₹414.3 on downside and ₹602.4 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 ₹602.4 on downside and ₹791.3 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 ₹791.3 on downside and ₹846.7 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 ₹914 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.

The price of Elecon Engineering Company Limited (ELECON) shares moved by -0.69%. The short-term trend for ELECON share price is Down. It implies that the share price of ELECON will stay the same tomorrow and that intraday traders should treat VWAP at 556.06 as a stop loss. Investors with a long-term outlook can track ELECON long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of ELECON stock is 152.5. Compared to the current market price of 560.95 INR, the ELECON stock is Overvalued by 72.8%.

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 12.72. Elecon Engineering Company Limited book value per share as of today is 60.05. The current price to book ratio for ELECON as of Nov 23, 2024 is 9.34.


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 779.20 16.15 68.61
GMMPFAUDLR 1204.35 7.51 167.09
VARROC 506.65 28.36 59.59
ISGEC 1288.40 39.01 293.03
IRCON 187.56 9.03 61.37
GRSE 1375.30 33.59 146.09
ACE 1225.15 30.63 102.43
ELECON 560.95 12.72 60.05
KABRAEXTRU 468.85 10.21 128.78
TDPOWERSYS 450.05 8.72 44.89
Updated at: 22 Nov 2024 15:50

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