NIBE jumps on inaugurating Missiles Complex and Precision Machining facility in Pune
NIBE is currently trading at Rs. 1600.50, up by 91.10 points or 6.04% from its previous closing of Rs. 1509.40 on the BSE.
The scrip opened at Rs. 1610.00 and has touched a high and low of Rs. 1660.30 and Rs. 1582.10 respectively. So far 25144 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. 1,100.05 on 14-Feb-2024.
Last one week high and low of the scrip stood at Rs. 1660.30 and Rs. 1302.60 respectively. The current market cap of the company is Rs. 2294.53 crore.
The promoters holding in the company stood at 53.08%, while Institutions and Non-Institutions held 8.73% and 38.19% respectively.
NIBE has inaugurated its state-of-the-art Missiles Complex and Precision Machining (Small Arms Complex) facility in Pune. Along with the newly launched facility, the company is now equipped with advanced Vertical Machining Centres (VMCs) with Computer Numerical Control (CNC), such as the Kairos V5 16000, and the BMV 50 and 60+ machines.
Also offer high capacity and precision, making them ideal for Defence and Aerospace applications, and will be used for the manufacturing of critical components of Small Arms systems, such as Light Machine Guns and Assault Rifles, as well as Missiles and Rocket Launcher structures.
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.
