Shares of Nelco surged 9.5 per cent to Rs 26.5, after the company bagged a Rs 41.6 crore communication infrastructure order from ONGC. Tatanet, a division of Nelco, has been awarded the order to enhance voice and data communication between offshore sites (ONGC’s western offshore site) and base offices (base station in Mumbai).
The stock made an intraday high of Rs 26.6 and a low of Rs 24 with trading volumes of 1.31 lakh shares. The scrip made a 52-week high of Rs 115.6 and a low of Rs 21.