ELECON belongs to the Industrials sector and operates within the Specialty Industrial Machinery industry. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In this detailed post, we will explore ELECON share price targets from 2025, 2026, and up to 2030. For long-term forecasts, we will use different technical analysis approaches to predict targets up to the year 2030.
For additional insights, refer to ELECON technical analysis.
To forecast the price of ELECON up to the year 2030, we will use a machine learning approach where the forecasted data is trained on past performance. Elecon Engineering Company Ltd, known for its significant presence in the Indian share market, has shown various trends over the years. In this section, we discuss ELECON's current market position, its growth trajectory, and how external market factors might influence its price performance leading up to 2030.
ELECON’s Performance Overview
Current Performance
Today 2025-04-30 shares of ELECON closed at ₹544.85 which is ₹15.15 lower than its previous close of ₹560. The company has been in mixed trend for the past one week.
Historical Performance
| Date | Close | Gain/Loss |
|---|---|---|
| 2025-04-22 | ₹511.00 | ₹13.70 (2.75%) |
| 2025-04-23 | ₹525.00 | ₹14.00 (2.74%) |
| 2025-04-24 | ₹537.95 | ₹12.95 (2.47%) |
| 2025-04-25 | ₹516.00 | ₹21.95 (4.08%) |
| 2025-04-28 | ₹541.65 | ₹25.65 (4.97%) |
| 2025-04-29 | ₹560.00 | ₹18.35 (3.39%) |
| 2025-04-30 | ₹544.85 | ₹15.15 (2.71%) |
ELECON for Tomorrow
Last three days were negative and we can see a continuation bearish trend for tomorrow. This data is important as traders can make better swing trading entries for the upcoming months of 2025 or even for long-term targets up to 2030.
ELECON Share Price Target 2025
The share price of ELECON is expected to reach a value of Rs. 472.93 by March 2025. If the Macro and Micro economic factors along with the industry trend support, we might see the target price of Elecon Engineering Company Ltd reach Rs. 1,484.25 by December 2025.
| Month | Target |
|---|---|
| March 2025 target for ELECON | ₹472.93 |
| April 2025 target for ELECON | ₹692.41 |
| May 2025 target for ELECON | ₹761.66 |
| June 2025 target for ELECON | ₹837.82 |
| July 2025 target for ELECON | ₹921.60 |
| August 2025 target for ELECON | ₹1,013.76 |
| September 2025 target for ELECON | ₹1,115.14 |
| October 2025 target for ELECON | ₹1,226.65 |
| November 2025 target for ELECON | ₹1,349.32 |
| December 2025 target for ELECON | ₹1,484.25 |
Summary of ELECON Share Price Forecast for 2025
- The initial price target for Elecon Engineering Company Ltd in 2025 is projected to be ₹472.93.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹1,013.76.
- By the end of 2025, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹1,484.25, considering bullish market trends.
ELECON Share Price Target 2026
As per technical data, the minimum share price target of ELECON is expected to reach Rs. 1632.68 and the maximum value that shares of ELECON can reach is Rs. 4658.22.
| Month | Target |
|---|---|
| January 2026 target for ELECON | ₹1,632.68 |
| February 2026 target for ELECON | ₹1,795.95 |
| March 2026 target for ELECON | ₹1,975.54 |
| April 2026 target for ELECON | ₹2,173.09 |
| May 2026 target for ELECON | ₹2,390.40 |
| June 2026 target for ELECON | ₹2,629.44 |
| July 2026 target for ELECON | ₹2,892.39 |
| August 2026 target for ELECON | ₹3,181.63 |
| September 2026 target for ELECON | ₹3,499.79 |
| October 2026 target for ELECON | ₹3,849.77 |
| November 2026 target for ELECON | ₹4,234.74 |
| December 2026 target for ELECON | ₹4,658.22 |
Summary of ELECON Share Price Forecast for 2026
- The initial price target for Elecon Engineering Company Ltd in 2026 is projected to be ₹1,632.68.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹2,629.44.
- By the end of 2026, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹4,658.22, considering bullish market trends.
ELECON Share Price Target 2027
Using Fibonacci projections, the estimated price target forecast for Elecon Engineering Company Ltd (ELECON) in the first half of the year 2027 will be between ₹5124.04 - ₹8252.32. By the second half of 2027, the share price of ELECON may reach a maximum value of ₹14619.49.
| Month | Target |
|---|---|
| January 2027 target for ELECON | ₹5,124.04 |
| February 2027 target for ELECON | ₹5,636.45 |
| March 2027 target for ELECON | ₹6,200.09 |
| April 2027 target for ELECON | ₹6,820.10 |
| May 2027 target for ELECON | ₹7,502.11 |
| June 2027 target for ELECON | ₹8,252.32 |
| July 2027 target for ELECON | ₹9,077.55 |
| August 2027 target for ELECON | ₹9,985.31 |
| September 2027 target for ELECON | ₹10,983.84 |
| October 2027 target for ELECON | ₹12,082.22 |
| November 2027 target for ELECON | ₹13,290.44 |
| December 2027 target for ELECON | ₹14,619.49 |
Summary of ELECON Share Price Forecast for 2027
- The initial price target for Elecon Engineering Company Ltd in 2027 is projected to be ₹5,124.04.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹8,252.32.
- By the end of 2027, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹14,619.49, considering bullish market trends.
ELECON Share Price Target 2028
The share price for ELECON in 2028 could start around ₹16081.44 and potentially climb to ₹45882.21 by the end of the year, subject to overall market and sector conditions.
| Month | Target |
|---|---|
| January 2028 target for ELECON | ₹16,081.44 |
| February 2028 target for ELECON | ₹17,689.58 |
| March 2028 target for ELECON | ₹19,458.54 |
| April 2028 target for ELECON | ₹21,404.39 |
| May 2028 target for ELECON | ₹23,544.83 |
| June 2028 target for ELECON | ₹25,899.31 |
| July 2028 target for ELECON | ₹28,489.25 |
| August 2028 target for ELECON | ₹31,338.17 |
| September 2028 target for ELECON | ₹34,471.99 |
| October 2028 target for ELECON | ₹37,919.19 |
| November 2028 target for ELECON | ₹41,711.10 |
| December 2028 target for ELECON | ₹45,882.21 |
Summary of ELECON Share Price Forecast for 2028
- The initial price target for Elecon Engineering Company Ltd in 2028 is projected to be ₹16,081.44.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹25,899.31.
- By the end of 2028, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹45,882.21, considering bullish market trends.
ELECON Share Price Target 2029
The share price for ELECON in 2029 could start around ₹50470.44 and potentially climb to ₹143998.05 by the end of the year, subject to overall market and sector conditions.
| Month | Target |
|---|---|
| January 2029 target for ELECON | ₹50,470.44 |
| February 2029 target for ELECON | ₹55,517.48 |
| March 2029 target for ELECON | ₹61,069.23 |
| April 2029 target for ELECON | ₹67,176.15 |
| May 2029 target for ELECON | ₹73,893.77 |
| June 2029 target for ELECON | ₹81,283.14 |
| July 2029 target for ELECON | ₹89,411.46 |
| August 2029 target for ELECON | ₹98,352.60 |
| September 2029 target for ELECON | ₹108,187.86 |
| October 2029 target for ELECON | ₹119,006.65 |
| November 2029 target for ELECON | ₹130,907.31 |
| December 2029 target for ELECON | ₹143,998.05 |
Summary of ELECON Share Price Forecast for 2029
- The initial price target for Elecon Engineering Company Ltd in 2029 is projected to be ₹50,470.44.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹81,283.14.
- By the end of 2029, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹143,998.05, considering bullish market trends.
ELECON Share Price Target 2030
The share price for ELECON in 2030 could start around ₹158397.85 and potentially climb to ₹451927.55 by the end of the year, subject to overall market and sector conditions.
| Month | Target |
|---|---|
| January 2030 target for ELECON | ₹158,397.85 |
| February 2030 target for ELECON | ₹174,237.63 |
| March 2030 target for ELECON | ₹191,661.40 |
| April 2030 target for ELECON | ₹210,827.54 |
| May 2030 target for ELECON | ₹231,910.29 |
| June 2030 target for ELECON | ₹255,101.32 |
| July 2030 target for ELECON | ₹280,611.45 |
| August 2030 target for ELECON | ₹308,672.60 |
| September 2030 target for ELECON | ₹339,539.86 |
| October 2030 target for ELECON | ₹373,493.84 |
| November 2030 target for ELECON | ₹410,843.23 |
| December 2030 target for ELECON | ₹451,927.55 |
Summary of ELECON Share Price Forecast for 2030
- The initial price target for Elecon Engineering Company Ltd in 2030 is projected to be ₹158,397.85.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹255,101.32.
- By the end of 2030, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹451,927.55, considering bullish market trends.
ELECON Share Price Target 2031
The share price for ELECON in 2031 could start around ₹497120.31 and potentially climb to ₹1172183.68 by the end of the year, subject to overall market and sector conditions.
| Month | Target |
|---|---|
| January 2031 target for ELECON | ₹497,120.31 |
| February 2031 target for ELECON | ₹546,832.34 |
| March 2031 target for ELECON | ₹601,515.57 |
| April 2031 target for ELECON | ₹661,667.13 |
| May 2031 target for ELECON | ₹727,833.84 |
| June 2031 target for ELECON | ₹800,617.22 |
| July 2031 target for ELECON | ₹880,678.95 |
| August 2031 target for ELECON | ₹968,746.84 |
| September 2031 target for ELECON | ₹1,065,621.52 |
| October 2031 target for ELECON | ₹1,172,183.68 |
Summary of ELECON Share Price Forecast for 2031
- The initial price target for Elecon Engineering Company Ltd in 2031 is projected to be ₹497,120.31.
- With favorable market conditions, the mid-year price target for Elecon Engineering Company Ltd could reach ₹800,617.22.
- By the end of 2031, the price target for Elecon Engineering Company Ltd is expected to potentially reach ₹1,172,183.68, considering bullish market trends.
Key Takeaways from Forecasted Price for ELECON from 2025 to 2030
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2025 | ₹472.93 | ₹1,013.76 | ₹1,484.25 |
| 2026 | ₹1,632.68 | ₹2,629.44 | ₹4,658.22 |
| 2027 | ₹5,124.04 | ₹8,252.32 | ₹14,619.49 |
| 2028 | ₹16,081.44 | ₹25,899.31 | ₹45,882.21 |
| 2029 | ₹50,470.44 | ₹81,283.14 | ₹143,998.05 |
| 2030 | ₹158,397.85 | ₹255,101.32 | ₹451,927.55 |
- For Elecon Engineering Company Ltd in 2025, a bullish trend might take the stock to a mid-year target of ₹1,013.76, followed by a steady climb to ₹1,484.25.
- In 2026, a temporary decline in early months for Elecon Engineering Company Ltd is possible, with a recovery expected by mid-year, aiming for ₹2,629.44.
- Anticipating mixed trends for Elecon Engineering Company Ltd in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹14,619.49.
- For 2028 and 2029, Elecon Engineering Company Ltd is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
- By 2030, the cumulative impact of market dynamics could lead Elecon Engineering Company Ltd to a substantial year-end target, surpassing previous expectations.
Final Words on Elecon Engineering Company Ltd (ELECON) Share Price Target up to 2030
To summarize, we have presented ELECON share price targets from 2025, 2026, and up to 2030, based on the most recent trading data and algorithms. These targets serve as potential support and resistance levels for the coming years.
It's essential to note that while these price targets are based on technical analysis, other market conditions and news could also impact the stock's performance. Therefore, these hypothetical targets should be used as guidelines and not as financial advice. Always perform your own due diligence before making any investment.
We wish you all the best in your investing endeavors! Please read the Disclaimer below.
Methodology
Our price forecasting model to analyse targets for ELECON uses detailed & data-driven methods to calculate these monthly price targets. This methodology includes the use of classic tools like long-term floor pivot point analysis, historical price performance metrics, and volatility data. Below, we outline the fundamental components and processes that constitute our forecasting model. It is important to note that these prices are based on mathematical calculations and in no way should these be used as financial advice. The stock market is dynamic, and there are so many factors that influence the prices of stocks that any mathematical model cannot cover.
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