Elecon Engineering is testing resistance at ₹685-₹715 ahead of Q1 FY26 results on July 11. A breakout could trigger fresh upside, says analyst Rohit Mehta. Support lies at ₹510-₹540. Despite high valuations, the stock's debt-free status, 35.6% profit CAGR, and solid Q4 performance make it an attractive watch. Shares are up 2.8% YTD.