NIBE gains on bagging purchase order worth Rs 23.33 crore
NIBE is currently trading at Rs. 1919.40, up by 19.70 points or 1.04% from its previous closing of Rs. 1899.70 on the BSE.
The scrip opened at Rs. 1978.05 and has touched a high and low of Rs. 1986.00 and Rs. 1853.90 respectively. So far 45114 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2245.40 on 08-Jul-2024 and a 52 week low of Rs. 753.05 on 19-Mar-2025.
Last one week high and low of the scrip stood at Rs. 2000.55 and Rs. 1656.00 respectively. The current market cap of the company is Rs. 2785.26 crore.
The promoters holding in the company stood at 53.08%, while Institutions and Non-Institutions held 9.17% and 37.76% respectively.
NIBE has received a purchase order from one of the leading Infra and Defence Company for supply of Armor Plate MIL12560 (ARMOUR) for a total consideration of Rs 23.33 crore (inclusive of all taxes and duties). The order will be executed in tranches by May 31, 2026.
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.
