NIBE surges on signing MoU with Munitions India
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. 662.65, up by 28.50 points or 4.49% from its previous closing of Rs. 634.15 on the BSE.
The scrip opened at Rs. 665.85 and has touched a high and low of Rs. 665.85 and Rs. 651.00 respectively. So far 35069 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.90 on 04-Dec-2023 and a 52 week low of Rs. 312.30 on 15-Mar-2023.
Last one week high and low of the scrip stood at Rs. 665.85 and Rs. 611.00 respectively. The current market cap of the company is Rs. 858.84 crore.
The promoters holding in the company stood at 55.32%, while Institutions and Non-Institutions held 4.75% and 39.92% respectively.
NIBE has signed a Memorandum of Understanding (MoU) with Munitions India (MIL) to develop new generation ammunition, upgrade the conventional ammunition and explore export opportunities for such products.
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.
