Nibe shines on entering into Technical Collaboration Agreement with Elbit Systems Land
NIBE is currently trading at Rs. 1697.55, up by 36.50 points or 2.20% from its previous closing of Rs. 1661.05 on the BSE.
The scrip opened at Rs. 1698.95 and has touched a high and low of Rs. 1717.00 and Rs. 1670.00 respectively. So far 3349 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2220.00 on 12-Sep-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. 1717.00 and Rs. 1609.25 respectively. The current market cap of the company is Rs. 2444.91 crore.
The promoters holding in the company stood at 53.74%, while Institutions and Non-Institutions held 8.41% and 37.85% respectively.
Nibe has entered into a Technical Collaboration Agreement with Elbit Systems Land (Licensor), a leading global Israel based defence technology Company on July 26, 2025 for transfer of license and technology for Precise & Universal Launch System (PULS) including artillery rocket system capable of engaging targets with precision over a range of up to 300 km.
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.
