NIBE gains on bagging purchase orders worth Rs 79.63 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NIBE is currently trading at Rs. 1870.00, up by 23.45 points or 1.27% from its previous closing of Rs. 1846.55 on the BSE.
The scrip opened at Rs. 1938.85 and has touched a high and low of Rs. 1938.85 and Rs. 1850.00 respectively. So far 45151 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. 449.50 on 17-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1938.85 and Rs. 1749.95 respectively. The current market cap of the company is Rs. 2597.63 crore.
The promoters holding in the company stood at 49.96%, while Institutions and Non-Institutions held 10.32% and 39.72% respectively.
NIBE has received two purchase orders from one of the leading Infra and Defence Company for supply of FCR Trailers and Shelters including surface treatment and Air Conditioning for a total consideration of Rs 79.63 crore (inclusive of all taxes and duties). The said order is expected to be completed in tranches on or before January 31, 2028.
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.
