NIFTY 22263.30 BANK 47859.45

Elecon Engineering Company Limited
Share Price Target & Analysis

NSE:ELECON

0.00

VWAP

1110.00

Open

1007.6

Close

0

High

0

Low

1245.00

52 Week High

1102.00 ⇧
7.20 (0.66%)

ELECON

(INDUSTRIAL MANUFACTURING)
88.5% Momentum

Trending & Favourite

0.5

52 Week Low

27.02

EPS

58.87

PE

9.18

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 1102.00, this results in a dividend yield of 0.13 %.

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 15, 2024 is 9.18.

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 0.00.

Now, the main question is whether to BUY or SELL, NSE:ELECON at current valuation.
As per latest Analysis No. #3592:-

⇑ 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 15, 2024)

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

Elecon Engineering Company Limited share price moved Up by 0.66% from its previous close of Rs 1007.6. ELECON stock last traded price is 1102.00. ELECON share price trend is Up with a total of 3234 stocks traded till now. It has touched an intraday high of Rs 0 and an intraday low of Rs 0. The ELECON trading at 1102.00, Up by Rs. 7.20, or 0.66 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 0.66%. ELECON share price short term trend is Up. It suggests that ELECON Share Price for Tomorrow remains the same with VWAP at 0.00 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

 1102.00

ELECON Share Price Target Prediction for 2024 ^

 792.9 - 1644.7

ELECON Share Price Target Prediction for 2025*^

 1644.7 - 1752.2

ELECON Share Price Target Prediction for 2026*^

 1752.2 - 1874.9

ELECON Share Price Target Prediction for 2027*^

 1969

ELECON Share Price Target Prediction for 2028*^

 2025

ELECON Share Price Target Prediction for 2030*^

 2207
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: @1158.75

ELECON Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 1140.38 BUY 1137.78 BUY
MA_12 1081.52 BUY 1093.19 BUY
MA_20 1047.46 BUY 1063.14 BUY
MA_32 983.41 BUY 1030.61 BUY
MA_50 989.08 BUY 1012.55 BUY
MA_100 993.95 BUY 981.56 BUY
MA_200 901.75 BUY 879.67 BUY

ELECON Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 1047.46 Uptrend
MACD 12.42 BUY
ADX 31.11 Strong Trend
DMI (+/-) 34 / 11.68 Uptrend

ELECON Momentum Oscillators

BUY (2) NEUTRAL (9) SELL (1)
Momentum Oscillators Value Action
RSI 67.61 Neutral
STOCHASTIC_K (Fast) 53.36 Neutral
STOCHASTIC_D (Slow) 41.65 Neutral
CCI 72.59 Neutral
PSAR 1242.5 SELL
TRUE RANGE 57.55 Neutral
ATR 50.7 BUY
WILLIAMS R -31.14 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 75.73 Neutral
STOCHASTIC RSI D 28.3 Neutral
MOMENTUM 215.5 BUY

ELECON Last 1 Year Trend

Duration Value
1 Year 175.14%
3 Months 7.71%
1 Month 22.85%
1 Week 0.26%

ELECON Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 67%
NEUTRAL / HOLD 30%
SELL 3%

Most popular Questions & Answers about ELECON


Elecon Engineering Company Limited stock last traded price is 1102.00. ELECON share price moved Up by 0.66% from its previous close of Rs 1007.6.

Elecon Engineering Company Limited share price trend is Up with a total of 3234 stocks traded till now. It has touched an intraday high of Rs 1653 and an intraday low of Rs 0. The ELECON trading at 1102.00, Up by Rs. 7.20, or 0.66 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 0.00.

The market cap of Elecon Engineering Company Limited is ₹1962.9 (in Cr) as of May 14, 2024.

The current price to earning ratio for Elecon Engineering Company Limited as of May 14, 2024 is 58.87.

The current price to book ratio for Elecon Engineering Company Limited as of May 14, 2024 is 9.18.

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 ₹0.5 in the last 52-week.

Elecon Engineering Company Limited share trading at ₹1102.00, Up by Rs. 7.20, or 0.66 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 ₹792.9 on downside and ₹1644.7 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 ₹1644.7 on downside and ₹1752.2 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 ₹1752.2 on downside and ₹1874.9 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 ₹2025 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 15, 2024 is 9.18.


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 504.15 15.35 58
GMMPFAUDLR 1348.85 17.29 156.74
VARROC 519.45 17.35 36.28
ISGEC 1021.35 30.33 264.62
IRCON 242.35 8.78 55.06
GRSE 985.40 26.27 123.42
ACE 1378.90 23.64 76.35
ELECON 1102.00 27.02 120.1
KABRAEXTRU 379.30 9.06 110.03
TDPOWERSYS 310.15 7.63 38.03
Updated at: 14 May 2024 15:49

Feel free to contact us, in case of any queries.

SITEMAP 1588
Disclaimer: Published information or data available on the Website may not be current or up to date and also any information or data available on this website may contain inaccuracies and/or typographical errors. Kindly refer any reliable source for its accuracy. If you select any of these stocks for your trades, you do so at your own risk.

Stocks to Watch Today

ADANIENT 3035.00 -2.55 (-0.08%) | ADANIGREEN 1788.80 73.65 (4.29%) | ADANIPORTS 1331.25 24.85 (1.9%) | ADANITRANS 1022.05 31.00 (3.13%) | AMBUJACEM 610.20 22.00 (3.74%) | APOLLOHOSP 5862.80 32.65 (0.56%) | ASIANPAINT 2866.15 -13.10 (-0.45%) | ATGL 908.95 47.10 (5.46%) | AUROPHARMA 1168.60 -9.00 (-0.76%) | AXISBANK 1122.85 -9.15 (-0.81%) | BAJAJ-AUTO 9065.25 72.95 (0.81%) | BAJAJFINSV 1576.45 -4.10 (-0.26%) | BAJFINANCE 6675.70 -43.05 (-0.64%) | BALKRISIND 2500.00 27.20 (1.1%) | BANDHANBNK 188.55 0.40 (0.21%) | BANKBARODA 260.85 1.80 (0.69%) | BEL 230.95 6.20 (2.76%) | BERGEPAINT 494.55 -1.20 (-0.24%) | BHARTIARTL 1284.30 -1.65 (-0.13%) | BIOCON 310.90 9.25 (3.07%) | BOSCHLTD 31882.00 1084.20 (3.52%) | BPCL 605.95 -0.95 (-0.16%) | BRITANNIA 5140.80 10.25 (0.2%) | CADILAHC 992.50 10.35 (1.05%) | CIPLA 1358.20 -56.45 (-3.99%) | COALINDIA 448.50 4.50 (1.01%) | COLPAL 2819.95 -39.40 (-1.38%) | DABUR 554.55 4.30 (0.78%) | DIVISLAB 3896.20 -15.30 (-0.39%) | DLF 839.05 0.30 (0.04%) | DMART 4615.00 -78.70 (-1.68%) | DRREDDY 5873.00 -35.55 (-0.6%) | EICHERMOT 4730.65 73.20 (1.57%) | GAIL 200.05 7.10 (3.68%) | GLAND 1765.00 0.60 (0.03%) | GODREJCP 1306.90 -31.40 (-2.35%) | GRASIM 2382.20 -3.00 (-0.13%) | GUJGASLTD 552.00 15.25 (2.84%) | HAVELLS 1729.10 26.70 (1.57%) | HCLTECH 1321.05 8.15 (0.62%) | HDFC 2724.30 0.00 (0%) | HDFCAMC 3677.90 4.75 (0.13%) | HDFCBANK 1460.95 5.70 (0.39%) | HDFCLIFE 561.55 1.90 (0.34%) | HEROMOTOCO 5043.45 157.90 (3.23%) | HINDALCO 646.65 13.15 (2.08%) | HINDUNILVR 2349.60 -11.05 (-0.47%) | HINDZINC 559.50 -19.60 (-3.38%) | ICICIBANK 1120.55 -7.45 (-0.66%) | ICICIGI 1683.80 -0.35 (-0.02%) | ICICIPRULI 597.30 0.00 (0%) | INDIGO 4147.35 65.35 (1.6%) | INDUSINDBK 1421.00 16.45 (1.17%) | INDUSTOWER 339.50 11.20 (3.41%) | INFY 1425.45 2.00 (0.14%) | IOB 61.85 1.30 (2.15%) | IOC 159.35 1.15 (0.73%) | ITC 429.70 -2.15 (-0.5%) | JSWSTEEL 881.50 20.90 (2.43%) | KOTAKBANK 1646.30 5.10 (0.31%) | LT 3375.00 -4.45 (-0.13%) | LTI 4634.85 41.30 (0.9%) | LUPIN 1637.15 -51.45 (-3.05%) | M&M 2269.90 85.65 (3.92%) | MARICO 600.00 5.45 (0.92%) | MARUTI 12814.20 140.35 (1.11%) | MCDOWELL-N 1175.60 -14.15 (-1.19%) | MOTHERSUMI 127.55 2.50 (2%) | MUTHOOTFIN 1677.30 -14.40 (-0.85%) | NAUKRI 6017.30 -39.70 (-0.66%) | NESTLEIND 2487.35 -28.90 (-1.15%) | NMDC 265.05 9.30 (3.64%) | NTPC 355.80 4.90 (1.4%) | ONGC 272.90 6.00 (2.25%) | PEL 829.40 2.60 (0.31%) | PIDILITIND 2985.95 20.10 (0.68%) | PIIND 3654.00 -4.75 (-0.13%) | PNB 125.75 2.65 (2.15%) | POWERGRID 309.25 2.70 (0.88%) | RELIANCE 2840.15 34.75 (1.24%) | SAIL 164.65 7.60 (4.84%) | SBICARD 718.40 -2.35 (-0.33%) | SBILIFE 1432.85 7.75 (0.54%) | SBIN 818.20 9.40 (1.16%) | SHREECEM 26024.90 32.40 (0.12%) | SIEMENS 6660.45 40.35 (0.61%) | SRF 2286.75 60.25 (2.71%) | SUNPHARMA 1545.25 20.20 (1.32%) | TATACONSUM 1086.00 -10.95 (-1%) | TATAMOTORS 964.75 0.10 (0.01%) | TATAMTRDVR 646.35 0.75 (0.12%) | TATASTEEL 164.95 1.10 (0.67%) | TCS 3901.20 -46.60 (-1.18%) | TECHM 1275.50 13.45 (1.07%) | TITAN 3290.10 36.45 (1.12%) | TORNTPHARM 2630.00 25.40 (0.98%) | ULTRACEMCO 9660.65 109.15 (1.14%) | UPL 510.05 -24.05 (-4.5%) | VEDL 432.55 18.50 (4.47%) | WIPRO 456.35 4.40 (0.97%) |