Hot Pursuit     08-Nov-11
NESCO gains after strong Q2 results
NESCO rose 1.82% to Rs 620.75 at 11:38 IST on BSE after net profit rose 36.4% to Rs 17.87 crore on 18.8% growth in net sales to Rs 34.79 crore in Q2 September 2011 over Q2 September 2010.

The company declared its results on Monday, 7 November 2011, when the stock market was closed on account of Bakri-Id.

Meanwhile, the BSE Sensex was down 96.52 points, or 0.55% to 17,466.09.

On BSE, 36,000 shares were traded in the counter as against average daily volume of 35,429 shares in the past one quarter.

The stock hit a high of Rs 631.70 and a low of Rs 610 so far during the day. The stock had hit a 52-week high of Rs 729.80 on 8 July 2011. The stock had hit a 52-week low of Rs 417.10 on 10 February 2011.

The stock had outperformed the market over the past one month till 4 November 2011, gaining 13.53% compared with the Sensex's 10.7% gain. The scrip had, however, underperformed the market in past one quarter, falling 4.36% as against 0.74% decline in the Sensex.

The small-cap diversified company has an equity capital of Rs 14.09 crore. Face value per share is Rs 10.

NESCO is an engineering company. The company provides equipment to Indian Railways, ordnance factories, and forging plants. The company is also into real estate development. The company has also setup an exhibition centre known as the Bombay Exhibition Centre on the Western Express Highway at Goregaon, Mumbai.

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 ( Hot Pursuit - 11-Jul-19   11:00 )
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 ( Hot Pursuit - 11-Jul-19   14:30 )
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