Nelco up 10% on pact with Intelsat to offer inflight connectivity in India

Nelco has been offering the Aero IFC services for more than two years with plans to introduce these services to more airlines in collaboration with its global partners

Shares of Nelco were locked at the 10 per cent upper circuit, at Rs 856.65 on the BSE on Friday, after the company partnered with Intelsat to offer inflight connectivity in India.

Till 09:18 am, a combined 136,000 shares had changed hands and there are pending buy orders for around 150,000 shares on the NSE and BSE. The stock had hit a 52-week high of Rs 968.55 on October 19, 2021.

In the current week, the market price of Nelco has appreciated by 28 per cent, as compared to 1.6 per cent decline in the S&P BSE Sensex.