NIBE touches roof on inaugurating new production facility in Pune
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NIBE is currently trading at its upper limit of Rs. 1264.30, up by 60.20 points or 5.00% from its previous closing of Rs. 1204.10 on the BSE.
The scrip opened at Rs. 1234.80 and has touched a high and low of Rs. 1264.30 and Rs. 1234.00 respectively. So far 29914 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1310.00 on 09-Feb-2024 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. 1299.00 and Rs. 1171.00 respectively. The current market cap of the company is Rs. 1660.30 crore.
The promoters holding in the company stood at 49.96%, while Institutions and Non-Institutions held 11.21% and 38.83% respectively.
NIBE has inaugurated its new production facility at its plant in Pune. This new plant which houses state of art technology and infrastructure will be used to produce a wide array of equipment covering diverse metallurgy in the field of land, aerospace and maritime applications, including bridges, shelters, armoured vehicles, artillery ammunition, small arms and engineering systems and subsystems.
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.
