Nelco Ltd.

Nelco is currently trading at Rs. 221.00, up by 2.35 points or 1.07% from its previous closing of Rs. 218.65 on the BSE.

The scrip opened at Rs. 221.10 and has touched a high and low of Rs. 229.50 and Rs. 218.40 respectively. So far 16780 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. 205.15 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 229.50 and Rs. 216.50 respectively. The current market cap of the company is Rs. 502.00 crore.

The promoters holding in the company stood at 50.09%, while Institutions and Non-Institutions held 6.29% and 43.62% respectively.

Nelco has entered into partnership with Panasonic Avionics Corporation for offering in-flight broadband service in Indian skies, starting with Vistara airlines. Vistara is a joint venture of Tata Group and Singapore Airlines.

The launch of this service will enable passengers to access broadband service during their flight in Indian airspace. Nelco is spearheading in providing the long awaited Aero in-flight connectivity services in the country. Vistara is the first airline to sign up for this service.

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.