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 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.
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.
