Entry in NELCO can be taken after closing above 987.6. Targets for the stock will be 1049 and 1095. Stop loss in the stock should be maintained at a closing below 840. NELCO is a TATA group company. NELCO is a company into Satellite Communications. Nelco Limited holds the VSAT License, Internet Service Provider (ISP) License as well as the Inflight & Maritime Communication (IFMC) license issued by Department of Telecommunication, Government of India (DOT). NELCO is a company with Zero Promoter pledge where cash flow is improving and book value of the share is also increasing since last 2 years. The stock is also buy on bounce after dip.
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