Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
Kolkata: Eimco Elecon is a company that manufactures and sells equipment for both underground and opencast mines. These are loaders, haulers and drills apart from some construction equipment. It was the first in India to introduce intermediate technology such as side dump loaders, load haul dumpers etc. Star investor Vijay Kedia has put his trust, and money, in this stock and it is rewarding him handsomely.
The stock is trading at Rs 2,026.80, up Rs 109.30 (or 5.70%) on October 8. Significantly, it dropped about 34% in the past one year and is down significantly from the 52-week high of Rs 3394.75. But from another perspective, the Eimco Elecon stock has generated more than 537% returns in the past five years. The company's market capitalisation is over Rs 1107 crore. The PE ratio of the stock is 22.76 and PB ratio is 2.56.
Vijay Kedia's association with this stock has attracted attention of common investors to this stock. Kedia has put about Rs 11 crore in this stock and after his involvement the stock has surged 5%. In the past three years, this stock has produce d humongous 426% return. Currently, the company's market cap is close to Rs 1,107 crore.
Trendline data shows that Kedia Securities, which is the investment arm of Vijay Kedia bought 57,400 shares of the company as a price of Rs 1,906.71 per share. The stock now stands at a much higher level, indicating significant investor interest Kedia's investment has generated.
Headquartered in Vallabh Vidyanagar, Gujarat, Eimco Elecon was set up in 1974 and was listed in 1992. The plant of the company is spread over 15 acres of land. In Q1FY26, the company came up with a net profit figure of Rs 14.48 crore, which is marginally lower than the figure in Q4FY25. The revenue figure was Rs 67.56 crore, which was 5% up quarter-on-quarter.
The stock is currently trading below its 50-day (Rs 2153) but above 200-day (Rs 2004) moving averages. According to Trendlyne, its 1-year beta is 1.4, which is an indicator of volatility. The stock has gained 11.34% in the past week, and declined 32% in the last three months.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
