NIBE soars on receiving purchase orders from Larsen & Toubro
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NIBE is currently trading at Rs. 372.90, up by 13.35 points or 3.71% from its previous closing of Rs. 359.55 on the BSE.
The scrip opened at Rs. 368.80 and has touched a high and low of Rs. 374.00 and Rs. 365.00 respectively. So far 3762 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.90 on 25-Jan-2023 and a 52 week low of Rs. 46.45 on 30-May-2022.
Last one week high and low of the scrip stood at Rs. 375.80 and Rs. 350.00 respectively. The current market cap of the company is Rs. 426.41 crore.
The promoters holding in the company stood at 55.32%, while Institutions and Non-Institutions held 3.05% and 41.63% respectively.
NIBE has received seven purchase orders from Larsen & Toubro for Manufacturing of Bridge Center Module Structure for a total consideration of Rs 16.80 crore. The said orders are expected to be completed on or before February 28, 2025.
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.
