Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Tata Steel, Britannia Industries, Devyani International, Bank of Maharashtra, Sundaram Clayton, Elecon Engineering Company, Bliss GVS Pharma, Rane Brake Lining, Artson Engineering, Rane Engine Valve and Morarka Finance have their annual general meetings (AGMs) today. Meanwhile, Scanpoint Geomatics w…

Corporate Radar: SKF India, Whirlpool to turn ex-dividend; Tata Steel, Britannia AGMs; stock splits and more

An order inflow guidance of around Rs 1,000 crore for FY2023 provides revenue visibility over the near term, analysts said

Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months

Asia's largest industrial gear manufacturer-Elecon Engineering stock hit its 52-week high levels. The stock climbed almost 25% in the last 4 sessions driven by strong management commentary via the annual report. 

Co. stated that there has been significant progress in terms of the closure of a few legacy projects. The material handling equipment business is poised for a turnaround and its overseas arm has become debt-free. Triggers ahead include greater allocation of CAPEX budget by Govt. And robust demand from mining, steel, power, and other infrastructure industries. 

The company's industrial gear market share has increased from 30% to 38% in gears over the last 4 years. 



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Why Has Elecon Engineering Risen By More Than 20% In Last Sessions? | ET Now

Apar Industries Ltd, Elecon Engineering Company Ltd, Bliss GVS Pharma Ltd and Mangalore Refinery And Petrochemicals Ltd are among the other gainers in the BSE’s ‘A’ group today, 06 June 2022.

Thyrocare Technologies Ltd leads gainers in ‘A’ group

Shareholders of Faze Three, Aurobindo Pharma, INEOS Styrolution India, Pearl Global Industries, India Motor Parts and Accessories, Kansai Nerolac Paints, Welspun Corp, Craftsman Automation, Elecon Engineering Company, Asian Paints and Shree Digvijay Cement Company should keep an eye next week as the…

Dividend stocks to watch: These 11 stocks shall turn ex-dividend next week

Religare Enterprises Ltd, Elecon Engineering Company Ltd, Bombay Dyeing & Manufacturing Company Ltd and Fine Organic Industries Ltd are among the other gainers in the BSE’s ‘A’ group today, 02 June 2022.

Raymond Ltd leads gainers in ‘A’ group

Gujarat Gas Ltd, SRF Ltd, Team Lease Services Ltd and Elecon Engineering Company Ltd are among the other gainers in the BSE’s ‘A’ group today, 11 May 2022.

Mahanagar Telephone Nigam Ltd leads gainers in ‘A’ group

Elecon Engineering Company Ltd, Borosil Renewables Ltd, Laxmi Organic Industries Ltd and Geojit Financial Services Ltd are among the other losers in the BSE’s ‘A’ group today, 05 May 2022.

Morepen Laboratories Ltd leads losers in ‘A’ group

Elecon Engineering Company consolidated net profit rises 46.38% in the March 2022 quarter

Elecon Engineering Company consolidated net profit rises 27.85% in the December 2021 quarter

Kedia’s name was missing from the key shareholders’ list of Cera Sanitaryware and Elecon Engineering Company. Vijay Kedia held 1,35,306 equity shares or a 1.04 per cent stake in Cera Sanitaryware, whereas he held 13,00,000 equity shares or a 1.16 per cent stake in Elecon Engineering as of September …

Vijay Kedia likely exited these two companies in December quarter

Elecon Engineering is engaged in the manufacture of material handling equipment, industrial geared motors and reducers, mining equipment and casting processes. 

Elecon Engineering Company Ltd

Elecon Engineering Company Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Corporate Radar: SKF India, Whirlpool to turn ex-dividend; Tata Steel, Britannia AGMs; stock splits and more

Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months

News Video

Why Has Elecon Engineering Risen By More Than 20% In Last Sessions? | ET Now

Thyrocare Technologies Ltd leads gainers in ‘A’ group

Dividend stocks to watch: These 11 stocks shall turn ex-dividend next week

Raymond Ltd leads gainers in ‘A’ group

Mahanagar Telephone Nigam Ltd leads gainers in ‘A’ group

Morepen Laboratories Ltd leads losers in ‘A’ group

Elecon Engineering Company consolidated net profit rises 46.38% in the March 2022 quarter

Elecon Engineering Company Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Corporate Radar: SKF India, Whirlpool to turn ex-dividend; Tata Steel, Britannia AGMs; stock splits and more

Elecon Engineering hits over 14-year high; stock zooms 83% in 3 months

News Video

Why Has Elecon Engineering Risen By More Than 20% In Last Sessions? | ET Now

Thyrocare Technologies Ltd leads gainers in ‘A’ group

Dividend stocks to watch: These 11 stocks shall turn ex-dividend next week

Raymond Ltd leads gainers in ‘A’ group

Mahanagar Telephone Nigam Ltd leads gainers in ‘A’ group

Morepen Laboratories Ltd leads losers in ‘A’ group

Elecon Engineering Company consolidated net profit rises 46.38% in the March 2022 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock