This Tata Group stock has zoomed over 200% in six months to Rs 338

Nelco hit an over decade high of Rs 338, rallied 213% from Rs 108 on February 6, 2018, as compared to 10% rise in the S&P BSE Sensex during the same period.

Shares of Nelco hit a decade high of Rs 338, up 5% on the BSE in otherwise subdued market, extending its past 12 days 29% rally, after the company’s consolidated net profit nearly doubled to Rs 39.3 million in June quarter (Q1FY19). It had profit of Rs 19.9 million in the same quarter last fiscal.

Operational income during the quarter under review increased 32% at Rs 490 million against Rs 372 million in the corresponding quarter of previous fiscal.

Nelco, Tata Group Company, mainly engaged in VSAT business had reported robust net profit growth in past two consecutive