Nelco freezes at 10% upper circuit for 2nd straight day; hits multi-yr high

Shares of Nelco were trading at their highest level since 1992

Shares of Nelco were locked in the 10 per cent upper circuit band for the second straight day, at Rs 470.05 on the BSE on Thursday, on the back of heavy volumes with only buyers being seen on the counter. Till 02:18 pm, a combined 1.42 million equity shares had changed hands and there were pending buy orders for 123,851 shares on the NSE and BSE, data shows.

In the past three trading days, stock of the Tata Group information technology (IT) networking services company has rallied 29 per cent on the BSE and was trading at its highest