Nelco Ltd.

Nelco is currently trading at Rs. 260.15, up by 1.40 points or 0.54% from its previous closing of Rs. 258.75 on the BSE.

The scrip opened at Rs. 258.00 and has touched a high and low of Rs. 263.75 and Rs. 252.75 respectively. So far 7697 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.90 on 05-Apr-2019 and a 52 week low of Rs. 201.70 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 271.60 and Rs. 215.00 respectively. The current market cap of the company is Rs. 598.30 crore.

The promoters holding in the company stood at 50.09%, while Institutions and Non-Institutions held 6.51% and 43.41% respectively.

Nelco has launched maritime communication services in India. Maritime Connectivity will enable high-end support to those in sea by providing access to voice, data and video services while traveling on sailing vessels, cruise liners, ships in India, using satellite technology.

The company through global partnerships, infrastructure including transponder capacity on satellite of ISRO (Indian Space Research Organization) and a comprehensive service portfolio will help Energy, Cargo and Cruise vessels by enhancing operational efficiency, improving crew welfare and enabling customer services. The IFMC licence has not only enabled connectivity for on-board users on ships but also brings operational efficiencies for shipping companies which were less evolved until now.

Nelco was established in 1940 and 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.