The Gujarat-based Elecon Engineering Company rose 5.05 per cent to close at Rs 107.10 on bagging five new orders totalling Rs 524.20 crore. The company’s order book was Rs 1,800 crore as on July 31.
There was a fair bit of action on the counter, with volumes of 14,26,747 shares, which is about seven times the two-week average. The stock made an intraday high of Rs 110.45 and a low of Rs 101. It has moved up by about 24 per cent in the last week and month.