NIBE rises as its arm enters into consortium with leading Indian Company
NIBE is currently trading at Rs. 1830.05, up by 35.25 points or 1.96% from its previous closing of Rs. 1794.80 on the BSE.
The scrip opened at Rs. 1842.00 and has touched a high and low of Rs. 1842.00 and Rs. 1815.00 respectively. So far 4368 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. 481.00 on 08-Sep-2023.
Last one week high and low of the scrip stood at Rs. 1929.45 and Rs. 1749.00 respectively. The current market cap of the company is Rs. 2565.95 crore.
The promoters holding in the company stood at 49.96%, while Institutions and Non-Institutions held 10.32% and 39.72% respectively.
NIBE’s subsidiary--Nibe Space has entered into a consortium with a leading Indian Company with aim to participate for projects related for establishing India’s sovereign Earth observation satellite constellation. This collaboration is for general understanding and both parties may enter into further agreements/contracts with regard to specific projects.
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.
