India's Nelco jumps most in over three weeks on strong profit, revenue

Nelco

19/07/2022 07:29

** Shares of satellite communication service provider Nelco
Ltd  NELC.NS  rise as much as 5% to 654.70 rupees in sharpest
intraday pct gain since June 24
    ** Tata Group owned-NELC late on Monday said Q1 consol net
profit rose 7.8% to 47.2 mln rupees ($590,572.12)  urn:newsml:reuters.com:*:nL8N2YZ3HR
    ** Income from ops grew 48.2% to 816.8 mln rupees
    ** More than 55,000 shares change hands by 0614 GMT vs
30-day avg of 44,379 shares
    ** NELC up 72.81% YTD up to last close

($1 = 79.9225 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com))