Nesco Share Price on a Roll

Nesco disclosed its exemplary

unaudited result for the quarter
ended June 16 and this morning
the stock saw a surge in volume
by more than 5.06 times. The
stock opened with an increase of
59points at Rs. 1639.10 as seen
on NSE. The stock met its days
high and low at Rs. 1704.85 and
Rs. 1625.15. Nesco disclosed a
rise in income from operations to
Rs 5436.58 lakhs for the June 16
quarter end against the corresponding quarter of the last financial year which was seen at
Rs.4779.50 lakhs. The total expenditure for this quarter decreased by almost 500 lakhs to Rs.
1310.66 lakhs from Rs. 1883.16 for the June 15 quarter. The profit from operations almost
doubled on Y-o-Y basis. As per reports, for June 16 quarter end the amount was seen at Rs.
4125.92 lakhs as compared to Rs. 2896.34 lakhs. Again, the other income saw a huge rise
from Rs. 529.96 lakhs (June15 quarter) to Rs. 1122.17 lakhs (June 16 quarter). The earnings
per share went up to 24.89 lakhs in this June 16 quarter from 15.69 lakhs as seen in the
corresponding quarter of last year.
Hence, Nesco share price is currently trading at an increase of 3.56% at Rs.1680.00.
Approximately 20K shares were traded on 11th of August (11:30 A.M) against its average
volume for last 20 days which is seen at 3188.

Nesco Share Price Forecast

Nesco is one amongst the 500 stock analyzed by Dynamic Levels for this quarter out of the
1700 shares listed on NSE. Nesco share price met its 52 week high at Rs. 1790.00 (01-Jan16). However the 52 week low is seen at Rs. 1220.00 (25-Aug-15). The company has a
market cap amounting to Rs. 2284.03 (Cr).For further details on the support and resistance
levels take a look at the Nesco share price history.

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