Nelco stock is looking excellent for intraday trading in today’s session. It has performed well on yesterday (2 Jan), and marked its closure at Rs 167.35 after making a gain of 8.11 percent, on BSE.

Today (3 Jan), it will surely cross Rs 175. If the stock hits this said target, the next intraday target will be above Rs 185. Interested day traders can purchase the stock around Rs 166 with a strict stop loss of Rs 164.

The total volume of the shares traded on Jan 2 was 632,774 on BSE. It is looking very strong, and grasp as much as you can.

On the Bombay Stock Exchange, the stock has touched 52-week high of Rs 185 and the low of Rs 85. The intraday outlook for the stock is really very strong. The stock is too good for quick gains.

The company has posted a net profit of 1.96 crore for the three months period ended on September 30, 2007. There are great expectations from the new results that will be announced in the recent month.

Other companies from the sector which are looking good for intraday trading include Siemens, GTL Infra and GTL.