BusinessPhoto: NDTV BusinessElecon Engineering Stock Grows From Rs 1 Lakh to Rs 33.6 Lakh in 6...
Elecon Engineering expanded its business from industrial gear solutions to material handling equipment and increased its overseas presence. In the September quarter, its gear division revenue rose 10.6% year on year to Rs 488 crore, contributing to the stock becoming a multibagger with growth from Rs 1 lakh to Rs 33.6 lakh in six years.
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