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Has Nelco Ltd got a big defence order for UGS (Unattended Ground Sensor) Since the defence orders are not made public, rumours tend to influence traders.

A few Dalal Street punters insist that the company is on a brisk turnaround mode aided by improving business prospects in the defence and power sectors. It is also seen as a unique bet, partly for its real estate.

According to dealers, it is speculated that a second commercial complex is coming up on its property at Andheri in Mumbai. The first complex, Technopolis, is fetching an annual rental revenue of Rs 14 crore.

Market sources said that quiet accumulation is on in the counter considering its current downward price trend. The stock closed at Rs 145, down 3 per cent. In the last one month it has lost 8.66 per cent and in the last one week around 3 per cent.

Jayanta Mallick

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