NIBE surges on bagging order worth Rs 29.07 crore
NIBE is currently trading at Rs. 1345.45, up by 16.65 points or 1.25% from its previous closing of Rs. 1328.80 on the BSE.
The scrip opened at Rs. 1340.05 and has touched a high and low of Rs. 1350.55 and Rs. 1332.85 respectively. So far 468 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2000.55 on 11-Jun-2025 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. 1499.95 and Rs. 1312.55 respectively. The current market cap of the company is Rs. 1939.91 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 received a purchase order from one of the leading Infra and Defence Company provider for manufacturing and supply of gun stand for a total consideration of Rs 29.07 crore (inclusive of all taxes and duties). The order will be executed and delivered in tranches by June 2027.
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.
