Elecon Engineering eases despite new order win
Elecon Engineering Company dropped 0.47% to Rs 220.05 at 11:59 IST on BSE, despite receiving an order worth Rs 47 crore from Sical Iron Ore Terminals, Chennai for supply and erection of equipment for an iron ore terminal in Chennai
The company made this announcement during trading hours today,
Meanwhile, BSE Sensex was down 4.20 points or 0.02% to 17,522.73.
On BSE, 46,227 shares were traded in the counter. The scrip had an average daily volume of 85,305 shares in the past one quarter.
The stock hit a high of Rs 224.95 and a low of Rs 218.05 so far during the day. The stock had a 52-week high of Rs 343 on
The mid-cap scrip had underperformed the market over the past one month till
The company’s current equity is Rs 18.57 crore. Face value per share is Rs 2.
The current price of Rs 220.05 discounts its Q3 December 2007 annualized EPS of Rs 7.15, by a PE multiple of 30.78.
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Elecon Engineering Company’s net profit rose 13.1% to Rs 16.59 crore on 10.1% growth in net sales to Rs 185.24 crore in Q3 December 2007 over Q3 December 2006.
Elecon Engineering Company manufactures all kinds of mechanical handling equipment such as bucket elevators, belt conveyors, gravity roller conveyors, bag-filling machines, bag stacking machines, overhead chair conveyors.
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