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NESCO rises on getting nod to incorporate wholly owned subsidiary

31 Jan 2025 Evaluate

Nesco is currently trading at Rs. 968.85, up by 2.75 points or 0.28% from its previous closing of Rs. 966.10 on the BSE.

The scrip opened at Rs. 971.35 and has touched a high and low of Rs. 981.90 and Rs. 954.50 respectively. So far 4126 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1081.00 on 03-Dec-2024 and a 52 week low of Rs. 755.10 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 1001.00 and Rs. 933.85 respectively. The current market cap of the company is Rs. 6848.71 crore.

The promoters holding in the company stood at 68.54%, while Institutions and Non-Institutions held 8.27% and 23.19% respectively.

NESCO has received approval from board of directors to incorporate wholly owned subsidiary (WOS). The name of the Wholly Owned Subsidiary shall be Nesco Retail. The objective of Wholly Owned Subsidiary is to carry on inter alia the business of developing, operating, running, managing, and maintaining various amenities across locations in India. 

The incorporation of the proposed WOS is subject to the approval of the Ministry of Corporate Affairs (MCA) and other relevant statutory/regulatory authorities as may be applicable. The Board of Directors of the Company at its meeting held on January 30, 2025 has approved the same. 

NESCO is a tool manufacturing company. The Company operates in two divisions: Bombay exhibition center/realty division and engineering division.

NESCO Share Price

1139.80 -6.00 (-0.52%)
13-Apr-2026 16:59 View Price Chart
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