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Elecon Engineering Shares Surge 6%, Snap Two-Session Losing Streak
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CNBC TV18•28-09-2026, 13:50
Elecon Engineering Shares Surge 6%, Snap Two-Session Losing Streak
- •Elecon Engineering Company Ltd shares surged up to 6% on Monday, reaching ’489.50 and ending a two-session losing streak.
- •The stock was the second-biggest gainer on the Nifty 500 index during Monday's intraday trade.
- •September has been the stock's second-best month of 2026 so far, with month-to-date gains of 15.98%.
- •The company's net profit fell 60% year-on-year to ’70 crore for the quarter ended June 2026, partly due to a high base from a one-time gain.
- •More than 50 lakh shares changed hands in intraday trade on Monday, 1.44 times the 10-day average volume.
Key Questions Answered
Elecon Engineering Company Ltd shares surged up to 6% on Monday, September 28, 2026, reaching a high of ₹489.50 to successfully snap a two-session losing streak.
For the quarter ended June 2026, Elecon's net profit dropped 60% year-on-year to ₹70 crore from ₹175 crore. This decline was largely driven by a higher base comparison caused by a ₹80.5 crore one-time gain included in the year-ago quarter.
According to the latest shareholding data, promoters hold 59.27% of Elecon Engineering shares, while public shareholders account for 40.73%.
