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NELCO starting looking good long term

Entry in NELCO can be taken after closing above 987.6. Targets for the stock will be 1049 and 1095. Stop loss in the stock should be maintained at a closing below 840. NELCO is a TATA group company. NELCO is a company into Satellite Communications. Nelco Limited holds the VSAT License, Internet Service Provider (ISP) License as well as the Inflight & Maritime Communication (IFMC) license issued by Department of Telecommunication, Government of India (DOT). NELCO is a company with Zero Promoter pledge where cash flow is improving and book value of the share is also increasing since last 2 years. The stock is also buy on bounce after dip.