Bengaluru, June 17 -- This Tata Group stock is in focus after receiving approval from the Department of Telecommunications to let other companies use Nelco's satellite services under their own brand. The stock jumped by 3.35 percent following the news

With a market capitalisation of Rs. 2,521 Crore, the stock of Nelco opened at Rs. 1132.55, up 0.77 percent from yesterday's close, and after opening, it made a high of Rs. 1,161.50, up 3.35 percent. Additionally, the Yearly return for the stock is 38 percent, and the past 5-year return is an impressive 453 percent.

License Grant Update

The company has received significant regulatory approval from the Department of Telecommunications, Ministry of Communications, Government of India. The co...