New Delhi, Sept. 28 -- Elecon Engineering Company share price jumped nearly 7% on Monday, 28 September, even as the broader Indian stock market witnessed a sharp sell-off. Rising crude oil prices, pressure on the rupee and elevated global bond yields weighed on market sentiment.

The market is also heading towards the month-end expiry of Nifty and Bank Nifty contracts on Tuesday, adding to expectations of heightened volatility.

Despite the broader weakness, Elecon Engineering shares have gained more than 16% in the past five trading sessions.

Axis Securities has recommended a BUY on Elecon Engineering, with a target price of Rs.505 per share, implying an upside of around 10% from the current market price (CMP), and the stock is the brok...