Elecon Engineering Company Ltd

Stage 4 · Declining · week 7

As of 16 Oct 2026, Elecon Engineering Company is in Stage 4 — declining, a downtrend, in week 7 (since 1 Sep 2026). It closed at ₹480, 20.4% below its 52-week high and above its 200-day average, which is falling. In Industrials, 26.3% of stocks are in Stage 2.

Elecon Engineering Company Limited manufactures and sells industrial gears and material handling equipment in India and internationally. More about the company

₹480.4
-2.58% today
₹10,779 Cr · Mid cap
Market Neutral — FadingIndustrials 26.3% in Stage 2-1.5 pts / 20dHeavy Electrical Equipments 16.7%-11.1 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Accelerating ⇈

Edge

—

Is ELECON early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-20.4%
₹354.8 lo₹603.3 hi
20.4% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 7
1w13w26w
Week 7 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
5.7%
200 DMA: ₹454.4 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
1.19x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↗ ⇈
Accelerating · MA20 +3.0% vs MA50 -0.1% / 10d
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+17.9%
3M
+3.4%
6M
+18.2%
YTD
-2.1%
1Y
-20.8%
Sector
Industrials
↓ Peaking
Stage 2%
26.3%
20d Δ
-1.5pp
1M return
-0.9%
3M return
-2.4%
Sector Stage-2 % · last 20 days
Sector has 129 Stage 2 leaders. See Industrials Stage 2 →
Industry
Heavy Electrical Equipments
↓ Peaking
Stage 2%
16.7%
20d Δ
-11.1pp
1M return
-1.0%
3M return
-5.2%
Industry Stage-2 % · last 20 days
Industry has 3 Stage 2 leaders. See Heavy Electrical Equipments Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 35w
S2 19w
S3 17w
S4 21w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 35w → S3 5w → S2 19w → S3 4w → S2 5w → S3 10w → S1 2w → S4 13w → S1 4w → S2 8w → S3 17w → S4 21w → S1 8w → S2 6w → S3 5w → S4 7w current
Total tracked: 168 weeks across 16 stage runs.
Scan Membership
Prop Scan
Latest: 2026-07-06
Breakout Watch
Latest: 2026-06-16
18 appearances in last 60 days. First seen: 2024-05-02.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S4
Wk 7 · Vol 1.19x
2026-10-15S4
Wk 7 · Vol 3.10x
2026-10-14S4
Wk 6 · Vol 17.26x
2026-10-13S4
Wk 6 · Vol 1.20x
2026-10-12S4
Wk 6 · Vol 0.57x
2026-10-09S4
Wk 6 · Vol 0.38x
2026-10-08S4
Wk 6 · Vol 0.55x
2026-10-07S4
Wk 5 · Vol 0.19x
2026-10-06S4
Wk 5 · Vol 0.23x
2026-10-05S4
Wk 5 · Vol 0.24x
2026-10-01S4
Wk 5 · Vol 0.75x
2026-09-30S4
Wk 5 · Vol 0.62x
Sector Peers — Stage 2All →
BHAGYANGR
wk 25 · 0.0% from hi
9.8
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHIVAUM
wk 28 · 0.0% from hi
8.4
SHREEJISPG
wk 17 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
Moving averages & range
50 DMA
₹437.1
200 DMA
₹454.4
52W High
₹603.3
52W Low
₹354.8
5D Low
₹408.9
Resistance levels (recent highs)
20d High
₹493.1
60d High
₹493.1
120d High
₹562.7
250d High
₹569.1
Next resistance
+2.6%
to 20d High
Ask the Market AI about ELECONAsk →
P/E (TTM)
35.1
Forward 21.7
Earnings Growth (YoY)
-95.9%
Revenue -6.5%
ROE
+15.9%
Profit margin +14.4%
Dividend Yield
0.38%
P/B 5.1
About this companyIndustrials· Heavy Electrical Equipments

Elecon Engineering Company Limited manufactures and sells industrial gears and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It offers helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom-built gear boxes; and customized gear boxes, loose gears, and couplings. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. It serves cement, sugar, defense, steel, mineral, metal, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills. Elecon Engineering Company Limited was founded in 1951 and is based in Vallabh Vidya Nagar, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.