Nelco share price recovered from its 52 week low and surged over 6 per cent in today’s morning trade. Nelco, Balaji Telefilms, Endurance Technologies, Hotel Leelaventure, Kamat Hotels (India), Mirza International, Puravankara Projects, Peninsula Land, MT Educare and others had hit their respective 52-week lows on the Bombay Stock Exchange (BSE) a few days ago.
A surprise victory of Donald Trump in the US Presidential elections, and the economic (housing and jobless claims) data from the United States that could push the US Federal Reserve (US Fed) to hike rates in the upcoming policy review this month had dented sentiment.
Also, Foreign Institutional Investors or FIIs and foreign portfolio investors or FPIs had sold equity shares worth over 1 billion dollars in after the government had demonetized Rs.500 and Rs.1000 currency notes.
At 11:57 am, Nelco share price was trading at Rs.87, up 5.2 per cent on the National Stock Exchange (NSE). The scrip opened at Rs.83 from a previous closing of Rs.82.70. The upper and lower price bands stand at Rs.99.20 and Rs.66.20, respectively.
Fundamentals one should be aware of Before Investing in the Stock:
| Average Daily Movement [ADM] | 4.72 |
| Average Volume [20 days] | 91764 |
| 1 Month Return (%) | -7.80 |
| Consolidated Trailing PE Ratio | 78.17 |
| Standalone Trailing PE Ratio | 78.17 |
| Book Value | 4.24 |
| Market Cap | 188.71 (Cr) |
Out of the 1700 Shares listed on the NSE, Nelco is one of the top 500 Stocks, identified by Dynamic Levels Researchers and stock analysts. The stock can be a good investment opportunity which can give you good returns. The scrip is a well analyzed stock, based on Dynamic Levels’ technical and fundamental research.
To seek information on the resistance and support levels of the scrip and know more about its fundamentals and financials, please pay a visit to Nelco share price history.
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