Elecon Engineering Company Ltd
ELECON

53.20

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

53.10

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Accumulate
Reco. Price
Rs 53.00
We recommend an ACCUMULATE on the stock as we expect top-line to grow at CAGR of 7% over FY16-18E. This will be driven by rebound in logistics equipment and cranes. Stock is trading at valuation of 7.75x P/E on FY18E earnings. (Target Price - Rs.56.8)
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50 DMA (.)
56.57
100 DMA (.)
57.80
200 DMA (.)
58.89
Weekly Range (.)
53.05
56.20
Monthly Range (.)
52.10
59.85
52 Weeks Range (.)
42.55
73.80
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