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Nelcast surges on getting fundamental grade of A from ICRA

08 Feb 2012 Evaluate

Nelcast is currently trading at Rs. 30.40, up by 0.40 points or 1.33% from its previous closing of Rs. 30.00 on the BSE.

The scrip opened at Rs. 29.75 and has touched a high and low of Rs. 30.75 and Rs. 29.55 respectively. So far 40544 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 36.00 on 27-Jan-2012 and a 52 week low of Rs. 14.92 on 10-Feb-2011.

Last one week high and low of the scrip stood at Rs. 32.00 and Rs. 29.50 respectively. The current market cap of the company is Rs. 264.48 crore.

The promoters holding in the company stood at 73.33% while Institutions and Non-Institutions held 0.56% and 26.11% respectively.

Rating agency, ICRA Equity Research has assigned fundamental grade of A for Nelcast indicating strong fundamentals. Increasing market share with OEMs coupled with higher realizations supported revenue growth of the company.

Despite the weakness witnessed in the Indian automotive industry during the past three quarters, Nelcast posted a healthy 39.1% growth in revenues during the first nine months of 2011-12, surpassing 2011-12 growth estimates. A diversified customer base spread across commercial vehicle and tractor OEMs, coupled with higher realizations drove revenues.

Nelcast Share Price

134.95 -1.45 (-1.06%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
AIA Engineering 4998.75
Alicon Castalloy 662.40
Nelcast 134.95
Steelcast 303.60
Synergy Green Inds. 582.60
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