Nelco hits 10-year high; surges 75% in 14 days post Q3 results

The stock rallied 7% to Rs 189 on the BSE in intra-day trade, its highest level since January 17, 2008.

Nelco hit an over 10-year high of Rs 189, up 7% on the BSE, extending its rally after the company announced its October-December (Q3FY18) results. The stock was trading at its highest level since January 17, 2008.

Since February 2, 2018, in past 14 trading days, it appreciated by 75%, as compared to 1% rise in the S&P BSE Sensex.

Nelco is a part of the Tata Group focused on helping its enterprise & government customers unlock potential by offering solutions in the areas of Integrated Security & Surveillance, VSAT connectivity (Tatanet VSAT), Managed Services, Satcom Projects and