New Delhi: In just 6 months, the shares of Elecon Engineering Company Ltd have doubled their investors’ money by almost two and a half times. This stock has reached from Rs 149.15 to Rs 373.95 in the last 6 months. However, its 52-week high is Rs 393.95 and low is Rs 128.05.
If market experts are to be believed, then this stock can go up to Rs 564.98 by this year. If we talk about August only, then Elecon has crossed the target of 362.38 and now it is moving towards the second target 404.09.
Today, in the early trade itself, the Elecon opened at Rs 360.10 and reached Rs 373.95. At the same time, on August 17, 2022, Elecon share price closed at 356.70 and in view of this, strong buy for long term with stop-loss of Rs 203.31 and strong buy for short term with stoploss of 295.84 is also recommended by experts. .
Elecon share price history
In the last 5 days, Elecon Engineering has given a return of 6.62 percent. At the same time, this stock has made investors rich by giving a return of 16.24 per cent in one month and 149 per cent in 6 months. So far this year it has given a return of 93.98 and in the last 5 years it has given more than 638 percent.
(Disclaimer: The information given here is only about the performance of the stock. It is not an investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.)
