CapitalMarket.com - Elecon Engineering gains on new order win
Hot Pursuit Friday, June 08, 2012 14:07 Hrs IST

Print this page


Elecon Engineering gains on new order win

Elecon Engineering Company rose 1.02% to Rs 54.50 at 14:05 IST on BSE after the company said it has been awarded letter of intent for a project worth Rs 16.30 crore from Indian Farmers Fertiliser Cooperative Paradeep unit in Odisha.

The company made this announcement after market hours on Thursday, 7 June 2012.

Meanwhile, the BSE Sensex was down 148.66 points or 0.89% to 16,500.39.

On BSE, 27,846 shares were traded in the counter as against average daily volume of 25,708 shares in the past one quarter.

The stock hit a high of Rs 55.70 and a low of Rs 54.05 so far during the day. The stock had hit a 52-week high of Rs 86 on 27 July 2011. The stock had hit a 52-week low of Rs 50 on 19 December 2011.

The stock had underperformed the market over the past one month till 7 June 2012, falling 2.35% compared with the Sensex's 1.56% fall. The scrip had also underperformed the market in past one quarter, declining 9.4% as against Sensex's 2.9% decline.

The small-cap company has an equity capital of Rs 18.57 crore. Face value per share is Rs 2.

Elecon Engineering Company's net profit rose 1.4% to Rs 23.89 crore on 26.3% growth in net sales to Rs 439.05 crore in Q4 March 2012 over Q4 March 2011.

Elecon Engineering Company manufactures sophisticated equipment for bulk material handling. The company is also into the design, manufacture, erection and commissioning of coal handling plants.

Previous Stories
More 4
Other Stories
4  Motherson Sumi advances after 6.1% slump in 5 days (27-Mar 15:15 Hrs IST)
4  Piccadily Agro gains after fixing record date for 1:1 bonus issue (27-Mar 15:07 Hrs IST)
4  ADC India Comm spurts after announcing special interim dividend (27-Mar 14:45 Hrs IST)
4  Gas utility stocks gain as Govt aims to extend piped gas to 1 crore homes in 5 years (27-Mar 14:41 Hrs IST)
4  Zen Technologies turns highly volatile ahead of listing on NSE on 30 March (27-Mar 14:08 Hrs IST)
4  Telecom services providers drop in volatile trade (27-Mar 13:57 Hrs IST)
4  Volumes jump at Garware Polyester counter (27-Mar 13:36 Hrs IST)
4  United Bank of India extends Thursday's rally (27-Mar 13:02 Hrs IST)
4  Idea Cellular slumps after placing bids worth Rs 30100 crore in telecom spectrum auction (27-Mar 12:48 Hrs IST)
4  Digjam spurts after allotting non-convertible preference shares (27-Mar 12:23 Hrs IST)
Next4