Nelco moves up on reporting 8% rise in Q1 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nelco is currently trading at Rs. 654.85, up by 31.15 points or 4.99% from its previous closing of Rs. 623.70 on the BSE.
The scrip opened at Rs. 645.00 and has touched a high and low of Rs. 654.85 and Rs. 631.80 respectively. So far 11568 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 968.55 on 19-Oct-2021 and a 52 week low of Rs. 355.00 on 26-Jul-2021.
Last one week high and low of the scrip stood at Rs. 674.00 and Rs. 611.00 respectively. The current market cap of the company is Rs. 1494.26 crore.
The promoters holding in the company stood at 50.09%, while Institutions and Non-Institutions held 7.45% and 42.47% respectively.
Nelco has reported a fall of 31.91% in its net profit at Rs 2.71 crore for first quarter ended June 30, 2022 as compared to Rs 3.98 crore for the same quarter in the previous year. However, total income of the company increased by 18.10% at Rs 41.96 crore for Q1FY23 as compared Rs 35.53 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 7.76% in its net profit at Rs 4.72 crore for first quarter ended June 30, 2022 as compared to Rs 4.38 crore for the same quarter in the previous year. Total income of the company increased by 44.77% at Rs 81.97 crore for Q1FY23 as compared Rs 56.62 crore for the corresponding quarter previous year.
