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Shares of Nelco Ltd rose as much as 16.5 per cent to Rs 337.9, their biggest intra-day per cent gain since February 2018. The company's forward PE is 54.66 above the sector average of 44.74.
About 1.2 million shares changed hands compared with the 30-day average of around 71,114 shares.
The stock is trading at its highest since September 2018. The stock is up 15.5 per cent this year as of the last close, compared with the 6.77 per cent rise in the broader NSE Index in the same period.
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