Tata Group smallcap having its day in the sun with 150% jump in 2021

New Delhi: Shares of this smallcap from Tata Group are going through the roof recently, delivering over 150 per cent return in 2021 so far. Analysts are bullish on the stock to deliver further gains, thanks for strong June quarter earnings and potential deals it may sign.

We are talking about Nelco, an IT networking firm, which provides satellite communication and VSAT solutions in the company. The company has gained about 35 per cent in the last one week. The scrip was locked at the buyer’s circuit of 5 per cent on Friday to Rs 493.55.