Elecon Engineering shares gain over 16% in five sessions
60-Word AI Digest
Elecon Engineering shares surged nearly 7% on 28 September, despite a broader market sell-off. Axis Securities recommends a BUY with a target price of ₹505, citing strong order inflows and growth in the Gear division. The company's backlog supports medium-term earnings visibility.
Key Takeaways
- Elecon Engineering shares surged nearly 7% on 28 September, despite a broader market sell-off.
- Axis Securities recommends a BUY with a target price of ₹505, citing strong order inflows and growth in the Gear division.
- The company's backlog supports medium-term earnings visibility.
Elecon Engineering shares surged nearly 7% on 28 September, despite a broader market sell-off. Axis Securities recommends a BUY with a target price of ₹505, citing strong order inflows and growth in the Gear division. The company's backlog supports medium-term earnings visibility.
Original Publisher Attribution
This summary was curated from What’s driving the stock?.