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.
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