Smart Money Alert

Elecon Engineering Company Limited

DecreasedQuarterly

ELECONHeavy Electrical EquipmentMarket Cap₹11K Cr

Stake

1.78% → 1.76%

Holding

39.50 L shares

Change

−50,000 shares

As of

Sept 2026

Since alert+17.5%₹408.85 → ₹480.35

Nifty 50+3.5%

Ajay Upadhyaya

Investor

The move

Ajay Upadhyaya sold 50,000 shares of Elecon Engineering, trimming his stake from 1.78% to 1.76%.

About Elecon Engineering Company Limited

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A manufacturer of power transmission and material handling equipment serving industrial sectors across India and international markets. Elecon Engineering Company operates integrated foundry operations producing steel and non-ferrous metal components alongside its core equipment business. The company serves diverse industries requiring specialized heavy electrical and mechanical solutions for power generation, transmission, and logistics applications.

About Ajay Upadhyaya

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Co-founded Edubrite Systems, a SaaS learning platform that LinkedIn acquired in 2022, then redeployed the proceeds into Indian equities. BITS Pilani and Jamnalal Bajaj alumnus. Grew his disclosed portfolio from ₹45 Cr (2015) to ₹850+ Cr (2025), heavily concentrated in capital goods, infrastructure, and electricals: Kirloskar Electric, DCX Systems. He spotted India's infrastructure capex cycle early and bet big. A founder who knows how to compound.

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More moves in Elecon Engineering Company Limited

Sundaram Mutual FundIncreased

Sundaram Mutual Fund bought 26,423 shares of Elecon Engineering, raising its stake from 1.91% to 1.92%.

9 Oct 2026

Franklin Templeton Mutual FundIncreased

Franklin Templeton Mutual Fund increased its stake in Elecon Engineering Company Limited from 1.56% to 1.65%, raising its shareholding from 3,494,727 to 3,706,586 shares. The value of its holding was ₹123.98 Cr as of March 2026.