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Rumours of a stock split announcement have been propelling the counter of Nesco Ltd on the bourses.

The company is also reportedly looking at issuing a 1:1 bonus.

The stock has gained almost 14 per cent week-on-week on the BSE.

Nesco is in the industrial capital manufacturing equipment business but the majority of its revenue comes from exhibition halls and its realty division.

The company expects to receive the final nod by July 17 to commence work on the first tower of its IT park at NSE Grounds, Goregaon in Mumbai.

When contacted, a company official refuted rumours of a stock split.

On Thursday, the counter closed at Rs 1,026, up 10 per cent, on the BSE.

Deeptha Rajkumar

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