Elecon Engg up 10% on strong FY09-10 sales outlook

MUMBAI: Shares of Elecon Engineering witnessed brisk buying activity following the company���s announcement that it plans to grow at 20% in FY2009-10.

The company expects sales to grow 20 per cent to around Rs 1150 crore in 2009-10. Elecon Engineering's unexecuted orders as of March 31 stood at Rs 1,627 crore, it said in a notice to the Bombay Stock Exchange.

At 1:45 pm, shares of the company climbed 9.51 per cent to Rs 60.25 on the BSE.