Nelco Shares jump 12% as company swings to profit in Q4
By TodayTelugu Desk1 min read1 views
Nelco shares rose sharply on Tuesday after the company swung to a Q4 net profit of Rs 1.09 crore from a loss last year. Revenue rose 17%, boosting sentiment despite full-year profit pressure. FPIs and institutional investors also increased their stakes during the March quarter.
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