Eimco Elecon experienced a remarkable surge, exceeding 17 percent and reaching an unprecedented high of Rs 1,325 on October 13, following the company’s announcement of securing a significant Rs 39-crore order. The small-cap stock has been on a remarkable rally, surging by 40 percent in the past week.
Eimco Elecon specializes in manufacturing cutting-edge drills and loaders utilized in both underground mining and opencast mines. Its diverse product range includes air-powered rocket shovels, electro-hydraulic side dump loaders, blasthole drillers, and air motors.
As of 2:42 pm, the stock was trading at Rs 1,461.00 on the BSE, reflecting a substantial gain of 17.25 percent.
