30 Sep 2023

Eimco Elecon (India) climbs on bagging order worth Rs 60.87 crore

Eimco Elecon (India) is currently trading at Rs. 907.65, up by 26.35 points or 2.99% from its previous closing of Rs. 881.30 on the BSE.

The scrip opened at Rs. 894.00 and has touched a high and low of Rs. 925.35 and Rs. 847.10 respectively. So far 3326 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 977.00 on 12-Sep-2023 and a 52 week low of Rs. 333.10 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 925.35 and Rs. 810.05 respectively. The current market cap of the company is Rs. 533.37 crore.

The promoters holding in the company stood at 74.06%, while Institutions and Non-Institutions held 0.01% and 25.93% respectively.

Eimco Elecon (India) has received an order of Rs 60.87 crore (excluding GST) from Inderdeep Construction Company for Supply of Coal mining machine package. The order is to be executed on or before December 31, 2024.

Eimco Elecon (India) is in the business of manufacturing and marketing equipment for underground and opencast mines.