Elecon Engineering stock went up by 6.07 per cent to Rs 58.55. The company announced its revenue guidance for the FY10 at Rs 1,150 crore with growth of 20 per cent compared with last year.
The order book of the material handling equipment company, as on as on 31 March, 2009, stands at Rs 1,627 crore. The stock witnessed total volume of 23.79 lakh shares as against a two-week average volume of 3.54 lakh shares at the Bombay Stock Exchange. The stock has gained 47.11 per cent in the last one month and 27.42 per cent in a week.
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