Nelco Ltd.

Nelco is currently trading at Rs. 42.25, up by 2.20 points or 5.49% from its previous closing of Rs. 40.05 on the BSE.

The scrip opened at Rs. 41.85 and has touched a high and low of Rs. 43.25 and Rs. 41.70 respectively. So far 83166 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.40 on 23-May-2013 and a 52 week low of Rs. 27.50 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 41.15 and Rs. 36.70 respectively. The current market cap of the company is Rs. 91.39 crore.

The promoters holding in the company stood at 50.10 % while Institutions and Non-Institutions held 4.33 % and 45.57 % respectively.

Nelco has received an approval for restructuring its Industrial Security & Surveillance Solutions business (ISSS business), by restricting operations and reducing expenditure with a view to minimize losses. The board of directors at its meeting held on April 03, 2014 has approved for the same.

The approval is however subject to necessary approvals / consents / permissions. However, the company will continue to focus on building its position in the Network Systems business.

Nelco, is a part of the leading business house - the Tata group. The company is focused on system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation.