Sunday, December 6, 2020

NELCO | Stock to Buy | Potential Multibagger | Price Outlook



Stock/Share Price: 201

➽ In this article we will discuss recent development in the StockShare of NELCO in the Stock MarketNELCO is engaged in the Business of Network Systems and Automation & Control.

Key  Summary

Company has delivered good profit growth of 51.24% CAGR over last 5 years

Company has a good return on equity (ROE) track record: 3 Years ROE 35.76%

➽3 years profit growth is 29 %

➽ 3 years sales growth is 15%

Technical Chart & Price Outlook

NELCO  stock after long consolidation breaks important resistance with good volume in upside.

So long position in the stock can be initiated with the potential upside levels of 264 in short term , 348 in mid term and 804 in long term.

Recent Valuation Summary

Stock is fair valued at current market price.

Recent Financial Summary

Both sales and net profit increased from the previous year with increasing margin too.

Thanks for your Precious Time.

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r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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