Elecon Engineering News Today

/PRNewswire/ -- The global wind turbine gearbox market size is estimated to grow by USD 4.17 billion from 2024-2028, according to Technavio. The market is...

Just Dial recorded healthy rally with robust volumes for yet another session, forming strong bullish candlestick pattern on the daily timeframe. The stock traded above all key moving averages, which is a positive sign.

Indian benchmark equity indices defied global weakness to close higher on Friday, boosted by HDFC Bank, although the gains were not enough to prevent their first weekly loss in five on worries over the Middle East conflict and U.S. rates.

Indian markets faced pressure from Middle East concerns, impacting smallcap stocks returns. Top gainers included Moschip Technologies, Solara Active Pharma, and Dhani Services.

Q4 results today: Wipro is likely to report muted earnings for fourth quarter as the company is estimated to report consolidated net profit of ₹2,746 crore.

For the week, the Sensex and the Nifty fell 1.5 percent each

Stocks to watch: Shares of firms like Wipro, Infosys, Jio Financial, Hindustan Zinc, ITC, Tata Motors, and others will be in focus on Friday's trade.

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sectors performance.

Elecon Engineering share price: The stock jumped 12.80 per cent to hit their one-year high of Rs 1,197.55. The stock saw heavy trading volume today.

Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.