ELGIEQUIP

: Gaining Traction & Mutual Fund Investments📈💡

Powering Industries Since 1960,

has been a silent force behind industrial growth, delivering world-class air compressors. Another beautiful chart and fundamentally strong stock this Summer 2025.📊 🔹 Q3 FY25 Snapshot (Oct-Dec 2024): 📊 Revenue: ₹8,476 million 📈 Stock Price (as of Mar 24, 2025): ₹508.70 (+18.63% only in this month) 📈 FII Holding: 29.40% | DII Holding: 5.07% | Public Holding: 34.16% 🔹 Mutual funds increased their holdings from 3.50% to 3.53% in Q3. But WHY? ✅ Steady Financials – ELGi’s consistent revenue stream is keeping institutions interested. ✅ Expanding Global Footprint – Strong international demand, especially in energy-efficient solutions. ✅ Government Infrastructure Push: The substantial budget allocation is anticipated to drive demand for industrial machinery. 🔹 The company is expanding aggressively in the U.S. and Europe. 💡With government-led infrastructure push, increasing industrial automation and a booming air compressor market, is in the right place at the right time. 💡With the daily RSI at 57.79, price has the potential to reach ₹555–₹660, pushing RSI into the 60–70 range, signaling stronger momentum📈 Share your views on this and let's watch for its future moves!🚀