Nexus Commodities and Technologies Ltd. Detail
Nexus Commodities and Technologies Limited is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Advisory sector.
The Company is engaged in the business of advisory services in commodity market. As of now I did not find any working website for the Company to gather more details about it.
Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Nexus Commodities and Technologies Ltd. Stock Performance
It is new listing on stock exchanges. The Company got listed in year 2016 at 52 INR mark. It was good time to get listed due to Bull market. The bull market helped the Company trade around 60 mark for more than one year.
It was stagnant for 18 months or so. During recent sell off the Company dropped to 25 levels causing 50% destruction. It is under performer for the investors and they have lost money in this counter.
Nexus Commodities and Technologies Ltd. My Opinion
Nexus Commodities and Technologies Limited is in Services Industry. I would advice not to invest in this stock. The reasons are simple. There are not much information present on Internet. I had tough time to get information about the Company. It does not have any website.
It is also new listing so not much price performance information is present about the stock.New stocks should only be touched if there is enough information present about their Quality and Business. Since it does not have both I would prefer not to track it or suggest it.