Elecon Engineering Company Ltd
ELECON

62.75

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

62.85

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 62.15
We recommend ACCUMULATE on the stock as we expect topline to grow at CAGR of 7% over FY16-18E. This will be driven by rebound in key sectors like defence, infrastructure, and road building. The stock is trading at valuation of 18.6x P/E on FY18E earnings. (Target Price - Rs.65.74)
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50 DMA (.)
55.21
100 DMA (.)
56.07
200 DMA (.)
57.92
Weekly Range (.)
60.10
64.65
Monthly Range (.)
51.10
64.65
52 Weeks Range (.)
45.35
73.80
Detailed Chart
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