NIBE touches roof on receiving Purchase Order from Ordefence Systems
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NIBE is currently trading at upper limit of Rs. 1519.35, up by 72.35 points or 5.00% from its previous closing of Rs. 1447.00 on the BSE.
The scrip opened at Rs. 1519.35 and has touched a high and low of Rs. 1519.35 and Rs. 1519.35 respectively. So far 5434 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1770.20 on 04-Mar-2024 and a 52 week low of Rs. 317.00 on 20-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1584.05 and Rs. 1375.00 respectively. The current market cap of the company is Rs. 1900.23 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 received Purchase Order from Ordefence Systems for assemblies, sub-assemblies and supply of 12 kits of small arms for a total consideration of Rs 307.76 crore. The said order is expected to be executed on or Before March 31, 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.
