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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (8372)10/13/1999 5:32:00 PM
From: Mohan Marette  Read Replies (1) of 12475
 
EquityWatch: NELCO on the move

tata.com

At a time when the Tata group has been getting out of non-core business, it is not surprising that Nelco (National Radio) has been in the limelight. In the last seven trading days, the stock has been up 34 per cent and trades at around Rs. 78. Institutional investor interest seems to be picking up in the stock. This is evident from the fact that AF-Taab Investment Co. Ltd has informed that it has purchased 12,78,360 shares of the company on October 6. This accounts for 5.6 per cent of the paid-up share capital of the company. The stock may continue to attract market interest.(BL)
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