Elecon Engg hits record high in a weak market; stock zooms 25% in 2 days

Since April 9, the market price of EECL has more-than-doubled or is up 117 per cent. The stock surpassed its previous high of Rs 343, touched on December 20, 2007

Shares of Elecon Engineering Company (EECL) soared 19 per cent to Rs 392, hitting a new high on the BSE in Monday's intra-day trade, surging 25 per cent in the past two trading days. In comparison, the S&P BSE Sensex was down 0.79 per cent at 55,632 levels at 10:47 AM. The stock surpassed its previous high of Rs 343, touched on December 20, 2007.

Since April 9, the market price of EECL has more-than-doubled or is up 117 per cent from a level of Rs 169.50 hit on the BSE. In comparison, the S&P BSE Sensex was up