ELECON - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.6
| Stock Code | ELECON | Market Cap | 11,786 Cr. | Current Price | 526 ₹ | High / Low | 717 ₹ |
| Stock P/E | 33.2 | Book Value | 91.3 ₹ | Dividend Yield | 0.38 % | ROCE | 22.4 % |
| ROE | 19.2 % | Face Value | 1.00 ₹ | DMA 50 | 439 ₹ | DMA 200 | 481 ₹ |
| Chg in FII Hold | -0.96 % | Chg in DII Hold | 1.19 % | PAT Qtr | 97.0 Cr. | PAT Prev Qtr | 61.9 Cr. |
| RSI | 71.6 | MACD | 28.9 | Volume | 7,60,040 | Avg Vol 1Wk | 8,86,460 |
| Low price | 352 ₹ | High price | 717 ₹ | PEG Ratio | 1.42 | Debt to equity | 0.12 |
| 52w Index | 47.6 % | Qtr Profit Var | -22.7 % | EPS | 21.2 ₹ | Industry PE | 37.8 |
Analyzing ELECON, the stock shows strong fundamentals with healthy ROCE (22.4%), ROE (19.2%), low debt-to-equity (0.12), and consistent profitability. Technical indicators (RSI 71.6, MACD positive) suggest overbought conditions with strong momentum. The current price (₹526) is well above both 50 DMA (₹439) and 200 DMA (₹481), showing bullish strength. Optimal entry would be on a pullback near ₹480–500. If already holding, consider exiting near resistance at ₹600–620 or if the stock fails to hold above ₹500.
✅ Positive
- Strong ROCE (22.4%) and ROE (19.2%) indicate efficient capital use.
- Low debt-to-equity ratio (0.12) shows financial stability.
- Quarterly PAT improved significantly (₹97 Cr. vs ₹61.9 Cr.).
- DII holdings increased (+1.19%), showing domestic institutional support.
⚠️ Limitation
- RSI at 71.6 indicates overbought levels, risk of correction.
- PEG ratio of 1.42 suggests valuation is stretched relative to growth.
- Dividend yield is modest at 0.38%.
- Volume slightly below average, reducing conviction in momentum.
📉 Company Negative News
- Quarterly profit variation declined (-22.7%).
- FII holdings decreased (-0.96%), showing reduced foreign investor confidence.
📈 Company Positive News
- Quarterly PAT rose to ₹97 Cr. from ₹61.9 Cr.
- DII holdings increased significantly (+1.19%).
- EPS of ₹21.2 reflects profitability strength.
🏭 Industry
- Industry PE is 37.8, slightly higher than company PE (33.2), suggesting fair valuation.
- Capital goods sector shows steady demand, supporting growth outlook.
🔎 Conclusion
ELECON is a moderately strong candidate for swing trading with solid fundamentals and bullish technicals. Entry is favorable near ₹480–500 on pullbacks, with exit targets around ₹600–620. Traders should be cautious of overbought RSI levels and maintain strict stop-losses below ₹480. Overall, the stock offers a good short-term opportunity with manageable risk.