Nibe touches roof on receiving purchase order worth Rs 150.62 crore
NIBE is currently trading at its upper circuit limit of Rs. 1601.85, up by 76.25 points or 5.00% from its previous closing of Rs. 1525.60 on the BSE.
The scrip opened at Rs. 1601.85 and has touched a high and low of Rs. 1601.85 and Rs. 1601.85 respectively. So far 7469 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2245.40 on 08-Jul-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. 1749.00 and Rs. 1474.45 respectively. The current market cap of the company is Rs. 2322.89 crore.
The promoters holding in the company stood at 53.08%, while Institutions and Non-Institutions held 9.17% and 37.76% respectively.
Nibe has received a Purchase Order from a leading global OEM Israel based defence technology company for a total consideration of $17,520,000 i.e. approximately Rs 150.62 crore for manufacturing and supply of Universal Rocket Launcher ranging up to 300km. The said order is expected to be completed on or before November 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.
