Elecon Engineering is riding the wave of Capex sector tailwinds

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Oct 24, 2023.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Elecon Engineering has strong execution, delivery & margin. Capex demand is robust. Company is riding the wave of sector tailwinds. FY24 Revenue guidance is Rs 2000 Cr & EBITDA margin of 22%. Subsidiaries have to fire & scale up to fuel next leg of growth. Buy for TP of Rs 874

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