This industrial equipment stock hits 14-year high; zooms 85% in 3 months

Shares of Elecon Engineering Company hit 14-year high of Rs 264.85 as they rallied 15 per cent on the BSE in Monday’s trade on the back of heavy volumes in an otherwise subdued market. As of 1:44 PM, the trading volumes on the counter more-than-doubled as 6.05 million equity shares representing 5.4 per cent of the company's total equity changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.02 per cent at 55,758 points.

The stock of industrial equipments company traded at its highest level since February 2008. The stock surged 35 per