Stock market today: ELGI Equipments stock has been trending higher since early morning trading. ELGI Equipments stock price rose today and hit a new intraday high. INR664 level on the NSE, registering an increase of around 12 per cent during the intraday trading session.
According to stock market experts, SBI Small Cap Fund holdings are on the verge of breaking out again. INRThe company deals in pressure, pump and diesel engines, and the 700-unit level seems possible given the bright outlook in today’s infrastructure-driven economy.They said the stock price might rise to INRIn the short term, the drop should be viewed as a buying opportunity until the ELGI Equipments stock price sustains the $725 level. INR625.
What triggered the rise in ELGI Equipments’ stock price?
Explaining why the stock price of ELGI Equipments is soaring, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, “ELGI Equipments Ltd deals in compressors, pumps and diesel engines. “As a result, the market expects infrastructure projects to rise.” “There is momentum and ELGI Equipments Ltd is expected to benefit from this. Therefore, this is a portfolio stock and those who have this in their portfolio are advised to hold and wait for the medium to long term. Masu.”
ELGI Equipments target price
Sumeet Bagadia, Executive Director, Choice Broking, expects the ELGI Equipments stock price to rise further and said, “ELGI Equipments stock price has a solid foundation for the stock price.” INR625 levels per piece. Therefore, medium to long-term investors are advised to hold on to the scrip in hopes of further upside as the scrip is about to break out again. INR700. Regarding violations INRAt a closing price of $700 per share, ELGI Equipments stock price could reach that level soon. INRThat’s a level of $725 per share. ”
Commenting on suggestions for new investors, Sumeet Bagadia of Choice Broking said, “New investors can maintain a buy-on-the-bottom strategy while maintaining stop losses.” INR625 level per share.Stock may be touched quickly INR700 and INRThat’s a level of $725 per share. ”
SBI Small Cap Fund Share Holding
According to the shareholding pattern of ELGI Equipments Ltd from October to December 2023, SBI Small Cap Fund owns 1,0077,641 shares of Elgi Equipments, which is 3.18% of the total paid-up capital of the company corresponds to
Disclaimer: The opinions and recommendations expressed above are those of individual analysts, experts, and brokerage firms and not of Mint. We recommend checking with a certified professional before making any investment decisions.
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