The company announced the results at the fag end of the trading session on Wednesday, 28 October 2009, when the stock had declined 2.06% to Rs 90.20.

Meanwhile, the BSE Sensex was down 166.09 points, or 1.02%, to 16,117.40.

On BSE, 82,794 shares were traded in the counter as against an average daily volume of 3.89 lakh shares in the past one quarter.

The stock hit a high of Rs 89 and a low of Rs 85.85 so far during the day. The stock had hit a 52-week high of Rs 110.85 on 21 October 2009 and a 52-week low of Rs 23.85 on 13 March 2009.

The stock has fallen 20.89% in six trading sessions from a recent high of Rs 108.65 on 21 October 2009.

The small-cap stock had outperformed the market over the past one month till 28 October 2009, rising 4.28% as compared to the Sensex's 2.45% fall. It had underperformed the market in the past one quarter, increasing 5.62% as compared to the Sensex's return of 6.21%.

The company's equity capital is Rs 18.57 crore. Face value per share is Rs 2.

The current price of Rs 85.95 discounts the company's Q2 September 2009 annualized EPS of Rs 4.64, by a PE multiple of 18.52.

Elecon Engineering Company's net sales rose 1.1% to Rs 255.10 crore in Q2 September 2009 over Q2 September 2008.

During the quarter ended September 2009, the company incurred a foreign exchange loss of Rs 1.20 crore.

Elecon Engineering Company manufactures all kinds of mechanical handling equipment such as bucket elevators, belt conveyors, gravity roller conveyors, bag-filling machines, bag stacking machines, overhead chair conveyors.

Promoters have pledged more than 1.32 crore shares representing 14.27% of the equity capital of the company (as on 30 September 2009). Total promoters shareholding in the company is 45.71% (as on 30 September 2009).

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