NIBE shines on receiving letter of intent of Rs 12.80 crore from Adani Infra
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NIBE is currently trading at Rs. 459.30, up by 21.85 points or 4.99% from its previous closing of Rs. 437.45 on the BSE.
The scrip opened at Rs. 415.60 and has touched a high and low of Rs. 459.30 and Rs. 415.60 respectively. So far 11685 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 469.20 on 15-Sep-2022 and a 52 week low of Rs. 37.10 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 469.20 and Rs. 391.00 respectively. The current market cap of the company is Rs. 455.77 crore.
The promoters holding in the company stood at 62.85%, while Non-Institutions held 37.15% stake in the company.
NIBE has received a letter of intent of Rs 12.80 crore including all applicable taxes, except GST from Adani Infra (India). The company has received letter of intent to design, engineering manufacturing, supplying and erection of Pre-Engineered Building (PEB). The contract is to be executed in 6 months from the date of issuance of Notice to proceeds (NTP).
NIBE (Formerly known as Kavita fabrics) manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. These products are offered in various designs as per customer requirements.
