NESCO gains after good Q3 results

NESCO rose 2.51% to Rs 1,669 at 14:40 IST on BSE after net profit rose 43.11% to Rs 30.77 crore on 28.13% growth in net sales to Rs 59.03 crore in Q3 December 2014 over Q3 December 2013.

The company declared its results during market hours today, 10 February 2015.

Meanwhile, the BSE Sensex was down 2.39 points, or 0.01% to 28,225

On BSE, so far 1,384 shares were traded in the counter as against average daily volume of 3,446 shares in the past one quarter.

The stock hit a high of Rs 1,720.45 and a low of Rs 1,630 so far during the day. The stock had hit a record high of Rs 1,844 on 30 December 2014. The stock had hit a 52-week low of Rs 780.05 on 10 February 2014.

The stock had underperformed the market over the past one month till 9 February 2015, falling 5.43% compared with 2.80% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 31.29% as against Sensex's 1.29% rise.

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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