This multibagger small-cap company announces strategic investment to enhance its portfolio of satellite communication solutions!
The company has given stellar returns of 282 per cent over the past 3 years and have given significant returns of 171 per cent over the past 5 years.
Nelco Ltd, a Tata Group company, is a leading satellite communication service provider in India. It offers innovative solutions for the enterprise, Aero IFC, and maritime sectors, driving industry growth with reliable satcom services. Nelco continuously adopts advanced technologies to deliver excellence and customer satisfaction.
Nelco, a leading satellite communications service provider in India, has made an investment in Piscis Networks Private Ltd, a pioneering company in SD-WAN solutions. This strategic investment enhances Nelco's service portfolio and strengthens its position as a comprehensive network solution provider. It reflects Nelco's dedication to delivering innovative and reliable satellite communication solutions to meet the evolving needs of its customers.
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The company has given stellar returns of 282 per cent over the past 3 years and have given significant returns of 171 per cent over the past 5 years. Additionally, the company has a ROCE of 21.6 per cent and an ROE of 20.5 per cent with a dividend payout ratio of 23.6 per cent.
On Wednesday, shares of Nelco plunged by 0.95 per cent from the previous close of Rs 718.6.
Investors should keep a close eye on this smallcap multibagger stock.