Elecon Engineering Share Price Target Tomorrow 2024 To 2030 – Stock Market Update

Elecon Engineering Company Ltd is an Indian engineering company known for manufacturing equipment used in various industries, including power, cement, and material handling. Established in 1951, Elecon has built a strong reputation for its quality products and engineering solutions. Elecon Engineering Share Price on NSE as of 18 October 2024 is 627.00 INR. Here will provide you more details on Elecon Engineering Share Price Target 2024, 2025, 2026 to 2030.

Elecon Engineering Company Ltd: Market Overview

• Open Price: ₹718.70
• High Price: ₹718.70
• Low Price: ₹621.00
• Previous Close: ₹721.45
• Volume: 3,580,082
• Value (Lacs): ₹22,425.63
• VWAP: ₹657.53
• UC Limit: ₹865.70
• LC Limit: ₹577.20
• P/E ratio: 39.52
• Div yield: 0.24%
• 52-wk high: ₹739.10
• 52-wk low: ₹356.62
• Mkt cap: ₹14.07KCr
• Face Value: ₹1

Elecon Engineering Company Ltd Competitors

Here are five competitor companies of Elecon Engineering Company Ltd, along with their approximate market capitalizations (as of recent data):

1. Bharat Bijlee Ltd
   • Market Capitalization: ~$600 million
   • Bharat Bijlee is involved in manufacturing electrical equipment and transformers, competing in the engineering sector.
2. Siemens Ltd
   • Market Capitalization: ~$10 billion
   • Siemens is a global technology company that offers a wide range of engineering solutions, including automation, drives, and industrial equipment.
3. L&T (Larsen & Toubro) Ltd
   • Market Capitalization: ~$27 billion
   • L&T is one of India’s largest engineering and construction companies, providing comprehensive solutions in various sectors, including heavy machinery.
4. Crompton Greaves Consumer Electricals Ltd
   • Market Capitalization: ~$3 billion
   • Crompton Greaves manufactures electrical consumer goods and industrial equipment, competing with Elecon in the electrical engineering space.

5. KSB Ltd

   • Market Capitalization: ~$1.2 billion
   • KSB is known for manufacturing pumps and valves and offers engineering solutions in various industries, including water and waste management.

Elecon Engineering Share Price Chart

Elecon Engineering Share Price Target Tomorrow 2024 To 2030

Elecon Engineering Share Price Target 2024

Elecon Engineering share price target 2024 Expected target could be ₹735. Here are three key factors that could affect the growth of Elecon Engineering Company Ltd’s share price target for 2024:

• Increasing Demand for Industrial Equipment: The growth of various sectors, such as power generation, construction, and manufacturing, will drive the demand for Elecon’s engineering solutions. As industries expand and invest in infrastructure, the company’s ability to capture a larger market share can positively influence its revenues and support share price growth in 2024.
• Focus on Innovation and R&D: Elecon’s commitment to research and development is crucial for staying competitive. By continuously innovating and improving its product offerings, the company can meet the evolving needs of its customers. Successful launches of new technologies and products can enhance profitability, which may lead to a higher share price by 2024.

• Government Policies and Infrastructure Development: Supportive government policies aimed at boosting infrastructure development and manufacturing in India will significantly impact Elecon’s growth. If the government increases spending on infrastructure projects, it could lead to more contracts for Elecon, positively affecting its financial performance and share price in 2024.

Elecon Engineering Share Price Target 2025

Elecon Engineering share price target 2025 Expected target could be ₹1064. Here are three risks and challenges that could affect Elecon Engineering Company Ltd’s share price target for 2025:

• Fluctuating Raw Material Prices: Elecon Engineering relies on various raw materials for its manufacturing processes. Any significant fluctuations in the prices of steel, copper, or other essential materials can impact production costs. Increased costs may reduce profit margins, affecting the company’s financial performance and share price.
• Intense Competition: The engineering and manufacturing sector is highly competitive, with numerous players offering similar products and solutions. Elecon faces competition from both domestic and international companies. If competitors introduce advanced technologies or offer lower prices, it could impact Elecon’s market share and sales, posing a challenge to its growth and share price stability.

• Economic Slowdown and Market Demand: A slowdown in the economy or reduced demand in key sectors like construction, power, and manufacturing can adversely affect Elecon’s business. Economic uncertainties may lead to delayed projects or reduced capital expenditure from clients, negatively impacting revenue growth and putting pressure on the company’s share price by 2025.

Elecon Engineering Share Price Target 2030

Elecon Engineering share price target 2030 Expected target could be ₹2565. Here are three risks and challenges that could affect Elecon Engineering Company Ltd’s share price target for 2030:

• Technological Advancements and Adaptation: The engineering sector is rapidly evolving with advancements in automation, artificial intelligence, and digitalization. Elecon must continuously invest in new technologies and adapt its products to stay competitive. Failing to keep up with these changes could lead to a loss of market share and negatively impact its financial performance and share price.
• Regulatory Changes and Compliance: Changes in government regulations regarding manufacturing standards, environmental policies, and labor laws can pose significant challenges. Increased compliance costs or the need to overhaul existing processes to meet new regulations can strain resources and impact profitability, potentially affecting the share price in 2030.

• Global Economic Factors and Trade Policies: Elecon operates in a global market where economic conditions and trade policies can significantly influence business performance. Economic downturns, trade tensions, or tariffs could limit export opportunities or increase costs, impacting overall growth and putting pressure on the company’s share price by 2030.

Elecon Engineering Company Ltd Shareholding Pattern

• Promoters: 59.27%
• FII: 9.84%
• DII: 2.97%
• Public: 27.92%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.elecon.com/

Elecon Engineering Company Ltd Financials

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