Sunday, August 29, 2021

NELCO | Big Correction | What to do now?

nelco share price , finvestonline.com


NELCO | Big Correction | What to do now?

NELCO , CMP : 465


NELCO  was advised at 201 on 06 Dec 2020 as a potential multibagger stock and the stock also performed on our expectations and made high of 560++ . Stock delivered a return of 280% within 9 months. But in recent week stock corrected 20% from the current high.


Please Read Below for details-  

NELCO | Stock To Buy | Potential Multibagger | Price Outlook


What to do now in NELCO  stock? Strategy

Recently stock witness strong selling pressure an corrected to the levels of 450 and currently trading at 465. Stock already corrected nearly 20 % from the recent top in the current mid cap sector correction.

Now the level of 450 looks good support zone for the stock and again a upside  reversal expected in the stock after the sharp correction as all the parameters are still intact in uptrend . Although our short to mid term targets are already achieved in the stock within few months but long term target of 804 is still not achieved and still long term is intact. So this recent correction should be utilized as a buying opportunity.


Some FAQ about NELCO


Is Nelco owned by Tata?

Nelco Ltd, a Tata Group company, has entered the maritime communication services business, a segment now dominated globally by Nasdaq-listed KVH Industries, Inc.


What does Nelco company do?

The National Radio & Electronics Company (NELCO) was promoted in 1940 by the Investment Corporation of India inter alia to manufacture broadcasting equipment. Its present activities are the manufacture trade and sale of consumer electronic products sale of business systems and office products.


Who is the owner of Nelco?

NELCO Ltd (NELCO) - Company Information

COMPANY INFORMATION

Chairman Emeritus : R N Tata

Chairman (Non-Executive) : R R Bhinge

Managing Director & CEO : P J Nath

Company Secretary : Girish V Kirkinde



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Disclaime
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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