Elecon Engineering (Rs.79) has been awarded prestigious orders worth Rs.208.50 cr. for design, engineering, manufacturing, testing, supplying, erecting and commissioning of Material Handling Equipments and other equipments. The company has orders in hand worth Rs.1500 cr. and is likely to reach a record order position in the current year. The worst is behind for the company. Investors can accumulate this stock for target price of Rs.125 over the next few months.
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Sunday, May 16, 2010
SOKHI PICK OF THE WEEK (BUY ON DIPS) : Elecon Engineering CMP 79 !
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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