Elecon develops a methodology to manufacture and market Eleflex (conductive polymers) and develop coating technologies on substrates for the display and micro-electronics markets. Conductive polymers are plastic compounds that conduct electrical currents and are ideal for electronic applications such as: organic light-emitting diodes (OLEDs), photovoltaic cells, telecommunications devices and electronic packaging.
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Expert Collections containing Elecon
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Elecon is included in 2 Expert Collections, including Advanced Materials.
Startups developing new or improved materials (chemicals, alloys, etc.) that provide physical or functional advantages to basic materials.
Semiconductors, Chips, and Advanced Electronics
Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.
Latest Elecon News
Aug 29, 2022
Big Movers on D-St: What should investors do with Elecon Engineering, Mazagon Dock and Bharat Electronics?-Business Journal By Indian market pared gains and closed flat with a positive bias on Friday. The S&P BSE Sensex failed to hold on to 59,000 while the Nifty50 closed below 17,600. Sectorally, buying was seen in metals, consumer durables, public sector, capital goods, and power stocks while some selling was seen in realty, FMCG, and healthcare. Stocks which were in focus include Bharat Electronics which hit a 52-week high, which rose more than 6 per cent, and Mazagon Dock which rallied nearly 13 per cent on Friday. Here’s what Santosh Meena, Head of Research, recommends investors should do with these stocks when the market resumes trading today: Elecon Engineering: Buy In Friday’s trading session, the counter has given a breakout of the triangle formation. The overall structure of the counter looks remunerative, as it trades above all its important SMA moving averages. The demand zone is near Rs 326. On the upside, Rs 400 is an immediate resistance area; above this, we can expect a run-up towards Rs 500+ levels in the near term. On the downside, if it will break the Rs 326 level then Rs 300 is the next critical zone. Mazagon Dock: Buy The stock has witnessed a breakout of a bullish inverse head and shoulder formation with the surge in volume on the daily chart and retested its neckline support around Rs 300. Now it is starting the next leg of a rally where Rs 380 is an immediate resistance level; above this, we are expecting a move towards the Rs 450+ level. On the downside, Rs 300 is major support for any correction. MACD (Moving average convergence divergence) is supporting the current strength whereas momentum indicator RSI (relative strength index) is also positively poised. BEL: Avoid The counter is in a classical bull run. In Friday’s trading session, the stock gave a breakout of an 8-day consolidation and closed at an all-time high level of around Rs 305. The overall structure is very bullish as it trades above its all-important moving averages. At the current level, a new position in the counter is not recommended; wait for a healthy correction around Rs 260 for the target of Rs 350+ for the long term. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Elecon Frequently Asked Questions (FAQ)
When was Elecon founded?
Elecon was founded in 2001.
Where is Elecon's headquarters?
Elecon's headquarters is located at 200 Turnpike Road, Chelmsford.
What is Elecon's latest funding round?
Elecon's latest funding round is Series A.
How much did Elecon raise?
Elecon raised a total of $4.5M.
Who are the investors of Elecon?
Investors of Elecon include Millennium Materials Technologies Fund and Triton Systems.
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