Elecon Engineering Sees Nearly 5,000% Returns Over Five Years — Buy, Sell Or Hold?

Founded in 1951, Elecon Engineering specialises in engineering, procurement, and construction projects in India.

Elecon Engineering stock's five-year high was Rs 731.25 in October 2024. (Image source: Company website)

Elecon Engineering Co., a company that manufactures and sells power transmission and material handling equipment, has delivered staggering returns of nearly 5,000% in the last five years. While the scrip has delivered 0.72% returns on a year-to-date basis, the five-year return of the stock stands at 4,760.08%.

Experts' take on the counter is upbeat as all five analysts tracking the multibagger stock have a 'buy' call, according to Bloomberg data.

Analysts at Asian Markets Securities have a 'buy' rating. So do those at Share India Securities. Meanwhile, Dalal & Broacha Stock Broking Private Ltd. has 'accumulate' rating on the stock. The target price is set at Rs 729, implying a 14.1% potential upside.

Elecon Engineering Share Price In Five Years

In the last five years, the stock's share price had hit a low of Rs 11 in October 2020, before it saw a steady climb over the years. The scrip's five-year high was Rs 731.25 in Oct 2024.

Also Read: Elecon Engineering Targets 20% Topline Growth In FY26

Elecon Engineering Price Last Year

The stock has delivered positive returns of 0.72% on a year-to-date basis, whereas the 12-month return is at a decline of 4.08%.

During this period, the scrip had hit a low of Rs 388.40 on March 3, before it advanced to a high of Rs 705.40 on June 4.

About The Company 

Founded in 1951, Elecon Engineering specialises in engineering, procurement, and construction projects in India. It became a publicly listed company on BSE Ltd. in June 1962 and later on the National Stock Exchange of India in November 2006.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On June 26

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WRITTEN BY
Khushi Maheshwari
Khushi hails from Aligarh and is a desk writer at NDTV Profit after passing... more
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