Elecon gains on new order worth Rs 1.83 bn from NCC

Elecon Engineering Company gained on Thursday after it bagged letter of intent of Rs 1.83 billion from NCC Hyderabad.

The order is for design, engineering, supply, transportation, erection, testing and commissioning of complete external coal handling pipe conveyor system package at Andhra Pradesh. Shares of the company are trading at Rs 36.50, up Rs 0.85, or 2.38% at the Bombay Stock Exchange (BSE) on Thursday at 11:13 a.m.The scrip has touched an intra-day high of Rs 36.85 and low of Rs 35. The total volume of shares traded at the BSE is 81,195.In the earlier session, the shares lost 5.44%, or Rs 2.05, at Rs 35.65. Currently, the stock is trading down 48.3% from its 52-week high of Rs 70.60 and above 3.4% over the 52-week low of Rs 35.30.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 39.65 (4.00) (10.09) 1 Month 47.35 (11.70) (24.71) 3 Months 50.25 (14.60) (29.05) 6 Months 46.45 (10.80) (23.25) 1 Year 62.40 (26.75) (42.87) Note: Based on previous day closing price.