ELECON ENGINEERING 🔵Stock has been moved from falling trendline and well sustained
🔵The stock is fundamentally good with CAGR
🔸Revenue growth 12.2%
🔸EBITDA Growth 34.1%
🔸PAT 38.3%
🔸Debt Free
🔵Target 1150-1500-2000
28.50INR
2.37 BINR
15.26 BINR
40.60 M
About ELECON ENGINEERING
Sector
Industry
CEO
Prayasvin Bhanubhai Patel
Website
Headquarters
Vallabh Vidyanagar
Employees (FY)
652
Founded
1951
ISIN
INE205B01023
FIGI
BBG000CQW5J1
Elecon Engineering Co. Ltd. engages in the manufacture and sale of material handling equipment and industrial gears. It operates through the following segments: Material Handling Equipment and Transmission Equipment. The Material Handling Equipment segment involves the production of raw material handling system, stackers, reclaimers, bagging and weighing machines, wagaon and truck loaders, crushers, wagon tipplers and feeders and port equipment. The Transmission Equipment segment refers to gearboxes, couplings and elevator traction machines. The company was founded in 1951 and is headquartered in Vallabh Vidyanagar, India.
Clean breakout on volumes Elecon Engineering has given a good cup and handle breakout on daily timeframe.
Valuations seems reasonable with good growth guidance, and there can be an upward bias above 1100.
Not an investment advice. Only for educational purpose.
Keep eyes on ELCON looking good from here-momentum in rsi in lower time frame
-ascending triangle pattern
-volume low as of now
-keep in radar
consolidation breakout ELECON - tight consolidation at breakout level shows stock in accumulation potential trading opportunity in ELECON if it breaks out the tight consolidation.
DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should n
ELECON Breakout and Create Inside Candle is Good Sign?see monthly chart stock create inside candle and give good breakout
see weekly chart stock stock give resistance breakout after 3rd attempt with consolidation
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 987
Next Resistance is at 1189
Support is at 767
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated)
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 861
Next Resistance is at 987
Support is at 672
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not b
ELECON - Cup n Handle breakout - 25% upside potentialELECON has given cup n handle pattern breakout from 990 resistance levels.
Target: 1100, 1270+
SL: Hourly candle close below 990
ELECONVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
I
Daily Bullish Flag Pattern BO in ELECON ENGGIntroduction:
Elecon Engineering Company Ltd. was established in the year 1951 as The Pioneers in the manufacturing of Industrial Geared motors and Reducers, Material Handling Equipment, Mining equipment, casting processes etc. Elecon is one of the largest manufacturers of
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Frequently Asked Questions
The current price of ELECON is 1166.25 INR — it has increased by 9.92% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange ELECON ENGINEERING stocks are traded under the ticker ELECON.
ELECON ENGINEERING is going to release the next earnings report on Apr 19, 2024. Keep track of upcoming events with our Earnings Calendar.
ELECON stock is 16.31% volatile and has beta coefficient of 0.82. Check out the list of the most volatile stocks — is ELECON ENGINEERING there?
One year price forecast for ELECON ENGINEERING has a max estimate of 1170.00 INR and a min estimate of 1154.00 INR.
ELECON earnings for the last quarter are 7.90 INR per share, whereas the estimation was 2.80 INR resulting in a 182.14% surprise. The estimated earnings for the next quarter are 5.60 INR per share. See more details about ELECON ENGINEERING earnings.
ELECON ENGINEERING revenue for the last quarter amounts to 4.85 B INR despite the estimated figure of 2.72 B INR. In the next quarter revenue is expected to reach 3.89 B INR.
Yes, you can track ELECON ENGINEERING financials in yearly and quarterly reports right on TradingView.
ELECON stock has risen by 16.12% compared to the previous week, the month change is a 37.85% rise, over the last year ELECON ENGINEERING has showed a 161.20% increase.
ELECON net income for the last quarter is 904.00 M INR, while the quarter before that showed 885.70 M INR of net income which accounts for 2.07% change. Track more ELECON ENGINEERING financial stats to get the full picture.
Today ELECON ENGINEERING has the market capitalization of 119.12 B, it has increased by 5.33% over the last week.
ELECON ENGINEERING dividend yield was 0.52% in 2022, and payout ratio reached 9.45%. The year before the numbers were 0.70% and 7.99% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, ELECON shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ELECON ENGINEERING stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 652.00 employees. See our rating of the largest employees — is ELECON ENGINEERING on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ELECON ENGINEERING technincal analysis shows the strong buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ELECON ENGINEERING stock shows the strong buy signal. See more of ELECON ENGINEERING technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on ELECON ENGINEERING future price: according to them, ELECON price has a max estimate of 1170.00 INR and a min estimate of 1154.00 INR. Read a more detailed ELECON ENGINEERING forecast: see what analysts think of ELECON ENGINEERING and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ELECON ENGINEERING EBITDA is 4.32 B INR, and current EBITDA margin is 22.26%. See more stats in ELECON ENGINEERING financial statements.