NELCO aiming new bull run and probably new highs

Nelco Ltd. is a company having its first name of Tata Group is indulged in the operations of System Integration and Product Management for Industrial Solutions, Electronics, Defense Electronics, VSAT Networks and Automation, and offers other related services. Its CMP – 816.7. Negatives of Nelco are so that they have high valuations (P.E. = 106.6). Positives are followed by that they have improving quarterly net profits, improving net cash flow and FII’s are increasing stake in the firm. Entry can be taken after closing above 329 closing. Targets will be 878, 906 and 942. Long Term target 1065 and 1095. Maintain a stop loss at a closing below 740.