Elgi Equipments Ltd

Stage 2 · Advancing · week 27Setup 3.9 WatchWeak -9.3

As of 16 Oct 2026, Elgi Equipments is in Stage 2 — advancing, the uptrend phase, in week 27 (since 15 Apr 2026). It closed at ₹572, 10.9% below its 52-week high and above its 200-day average, which is rising. In Industrials, 25.5% of stocks are in Stage 2.

Elgi Equipments Limited manufactures and sells air compressors and related parts in India, Europe, Australia, the United States, and internationally. More about the company

₹572.2
+0.10% today
₹18,038 Cr · Mid cap
Market Neutral — FadingIndustrials 25.5% in Stage 2-2.0 pts / 20dIndustrial Machinery 33.7%-1.0 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

3.9 Watch

Momentum

Steady

Edge

Weak -9.3

Setup-score rank among Stage 2 peers: #30 of 34 in Industrial Machinery · #99 of 130 in Industrials

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

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-10.9%
₹415.6 lo₹642.4 hi
10.9% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 27
1w13w26w
Week 27 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
4.2%
200 DMA: ₹549.1 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.26x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -3.0% vs MA50 +0.9%
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
-3.4%
3M
-1.6%
6M
+5.6%
YTD
+21.0%
1Y
+17.8%
Sector
Industrials
↓ Peaking
Stage 2%
25.5%
20d Δ
-2.0pp
1M return
-0.9%
3M return
-2.5%
Sector Stage-2 % · last 20 days
This stock ranks #67 of 125 Stage 2 stocks in Industrials by RS.
Industry
Industrial Machinery
→ Flat
Stage 2%
33.7%
20d Δ
-1.0pp
1M return
+0.7%
3M return
-1.3%
Industry Stage-2 % · last 20 days
Ranks #18 of 33 Stage 2 stocks in this industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 28w
S2 14w
S4 26w
S2 26w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 4w → S3 12w → S2 28w → S3 4w → S2 14w → S3 8w → S4 26w → S1 9w → S2 5w → S3 4w → S4 8w → S1 6w → S4 7w → S1 7w → S2 26w current
Total tracked: 168 weeks across 15 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-04-15
3 appearances in last 60 days. First seen: 2024-06-21.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 27 · Vol 0.26x
2026-10-15S2
Wk 26 · Vol 0.31x
2026-10-14S2
Wk 26 · Vol 0.37x
2026-10-13S2
Wk 26 · Vol 0.40x
2026-10-12S2
Wk 26 · Vol 0.27x
2026-10-09S2
Wk 26 · Vol 0.34x
2026-10-08S2
Wk 25 · Vol 0.45x
2026-10-07S2
Wk 25 · Vol 0.39x
2026-10-06S2
Wk 25 · Vol 0.59x
2026-10-05S2
Wk 25 · Vol 0.56x
2026-10-01S2
Wk 25 · Vol 0.81x
2026-09-30S2
Wk 24 · Vol 0.59x
Sector Peers — Stage 2All →
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHREEJISPG
wk 17 · 0.0% from hi
8.4
SHIVAUM
wk 28 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
SPECTRUM
wk 19 · -3.3% from hi
8.2
Moving averages & range
50 DMA
₹605.6
200 DMA
₹549.1
52W High
₹642.4
52W Low
₹415.6
5D Low
₹571.6
Resistance levels (recent highs)
20d High
₹614.7
60d High
₹642.4
120d High
₹642.4
250d High
₹642.4
Next resistance
+7.4%
to 20d High
Ask the Market AI about ELGIEQUIPAsk →
P/E (TTM)
45.2
Forward 37.5
Earnings Growth (YoY)
+18.2%
Revenue +18.4%
Dividend Yield
0.39%
P/B 9.1
About this companyIndustrials· Industrial Machinery

Elgi Equipments Limited manufactures and sells air compressors and related parts in India, Europe, Australia, the United States, and internationally. It operates through two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air compressors, oil free piston and screw air compressors, rotary and reciprocating air compressors, diesel and electric portable air compressors, railway air compressors, heat recovery systems, and medical air compressors and vacuum pumps, as well as air accessories; air compressor parts, filters and separators, lubricants and fluids, and service kits, and other accessories; and air compressor service. It is also involved in the trading of air compressors, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment, compressed air systems, and vacuum pumps for medical applications; renting of property; and provision of design services. In addition, the company manufactures and trades compressors, hydraulic hammers, and rampi cars. The company serves manufacturing, textile, agriculture, automotive, and construction industries. Elgi Equipments Limited was incorporated in 1960 and is based in Coimbatore, 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.