Tata group company Nelco has given tremendous returns to investors during the last one year. There was a strong jump in the shares of the company. Ever since the company announced the agreement with Omnispace, there is a strong jump in the shares. On BSE, the company shares got an upper circuit of 5%. The price of one share of the company became Rs 678.60.
Also read: Complete this work by March 31, if the opportunity is lost, then there will be a huge loss!
Investors made huge profits in one year
The company’s shares have seen a strong jump in the last one year. During this, the price of one share of Nelco rose from Rs 118 to Rs 678.60. That is, a return of about 260% was received during this period. If an investor would have reposed faith in this company a year ago and invested Rs 5 lakh, it would have grown to Rs 18 lakh today. Let us tell you, in the last 10 years, the company’s shares have seen a jump of 1100 percent.
What is the future plan of the company?
Nelco recently tied up with Omnispace. Together, the two companies will expand 5G satellite communication in India and South Asia. The entire focus of this partnership is on direct-to-device communication. Let us tell you, the market cap of Nelco is Rs 1,548 crore.