With a target of Rs 500, Axis forecasts 20% upside potential in the stock.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser.
Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.
The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.
Readers are advised to consider the original research report and make their investment decisions based on their own assessment.
With a target of Rs 500, Axis forecasts 20% upside potential in the stock. Elecon is well-positioned to capitalize on sustained domestic investments in steel, power and cement, alongside improving overseas enquiries and recovery in global markets. Supported by its leadership in Gear and MHE, advanced manufacturing capabilities, and customized engineering solutions, the company expects 15% revenue growth in H2FY27.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
