Introduction:
Tata Group stock faced revenue challenges with slight declines in quarterly performance, yet showcased a 20.73% increase in sequential net profit, highlighting efficient operational management and strategic cost control amidst a tough economic climate.
Share Price movement of NELCO:
As of today, January 15, 2025, NELCO Ltd‘s shares opened at ₹1205.00, reached a high of ₹1229.00, and a low of ₹1126.00 before closing at ₹1172.20. This marks a 4% increase from the previous close of ₹1201.60, with a market cap of ₹2674.77 crore.
NELCO Ltd Q3 Results:
NELCO faced a slight decline in its quarterly performance with a 2.21% decrease in operational revenue quarter-over-quarter and a 3.02% drop year-over-year. This indicates challenges in maintaining top-line growth amidst a competitive market environment.
The company saw a significant sequential increase in net profit by 20.73%, demonstrating effective operational efficiency and cost management strategies. However, compared to the previous year, net profit fell by 19.51% due to higher operational expenses impacting overall profitability.
Total income also saw a modest decline, falling 1.46% sequentially and 2.19% year-over-year, reflecting stagnant revenue growth. Despite these challenges, NELCO continues to focus on strategic operational improvements and cost efficiencies to bolster its financial standing in a tough economic climate.
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Recent news About NELCO :
Recently, NELCO Ltd reported an impressive gain on January 1, 2025, with its stock price rising by 7.59%, outperforming both its sector and the Sensex. This performance highlights NELCO’s strong start to the year, attributed to positive investor sentiment and effective corporate strategies.
Ace investor holding of NELCO:
Parul Prasoon Bhatt holds a 1.00% stake in Nelco Ltd., totaling 2,28,600 shares valued at ₹26.7 Cr. This significant investment reflects confidence in the company’s future and strategic direction at the current price of ₹1168.5.
Prasoon Harshad Bhatt also owns 1.00% of Nelco Ltd., with an identical share count and value as Parul. This investment at the current share price of ₹1168.5 indicates a shared belief in the company’s potential and stability.
Stock performance of NELCO for Period of 1 week, 6 months and 1 year:
NELCO Ltd’s stock performance has shown notable fluctuations. Over the past week, it experienced a decrease of 6.90%. However, over the last six months, the stock impressively rose by 53.0%. Over the past year, NELCO Ltd has gained 46.1%, indicating strong long-term growth.
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Shareholding pattern of NELCO:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 50.09 | 50.09 | 50.09 |
| FII | 5.41 | 4.64 | 4.8 |
| DII | 0.14 | 0.06 | 0.06 |
| Retail & others | 44.38 | 45.23 | 45.06 |
About NELCO:
NELCO Ltd. specializes in providing advanced technology solutions across sectors like network communications, automation, and surveillance systems. It focuses on delivering innovative products and services that enhance operational efficiency and safety for businesses and government entities, leveraging cutting-edge technologies to meet diverse customer needs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
