Shares of this company gave great returns, doubled investors’ money

Multibagger Stock Tips: Shares of Tata Group’s company Nelco have made a bumper earnings of investors this year. The company’s shares have given more than 139 per cent returns in 2021 so far and have more than doubled investors’ money.

The share of Nelco was at Rs 196.15 as on 31st December 2020. At present its price is Rs 538.00. That is, so far in 2021, the stock of Nelco has given a return of 139.05 percent to the investors. The company’s market capital at present is Rs 1,069.95 crore. Nelco is a small cap company of the Tata Group.

what does the company do
Nelco offers solutions in the areas of VSAT connectivity, SATCOM projects and Integrated Security & Surveillance Solutions. They provide services like Consulting, Customization, System Integration, End-to-End Management. Nelco is an IT networking firm, which provides satellite communication and VSAT solutions to the company.

Recent results of the company

• Nelco had declared its first quarter results, which were quite impressive.
• In the April-June quarter of last year, there was a profit of Rs 1.84 crore, while in the same quarter this time there was a profit of Rs 4.38 crore.
• The income of the company increased from Rs 50.32 crore to Rs 56.62 crore.
• Its income was Rs 65.66 crore and profit was Rs 4.48 crore in the January-March quarter.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised here to invest money on anyone’s behalf.)

Read also:

Multibagger Stock Tips: There was a tremendous jump in the share price of this company in one year, the investors got bumper earnings

Multibagger Stock Tips: This multibagger stock gave 12 times returns to investors in just 4 months