NIBE touches roof on starting commercial production of VMC Machine
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NIBE is currently trading at its upper limit of Rs. 758.50, up by 36.10 points or 5.00% from its previous closing of Rs. 722.40 on the BSE.
The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 758.50 and Rs. 750.00 respectively. So far 35571 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. 758.50 and Rs. 616.60 respectively. The current market cap of the company is Rs. 996.08 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 commenced the commercial production of its State of Art and first in India 16 Mtr. VMC Machine of make Zayer, Spain equipped with the latest Siemens control system, 840D, with machine feature X-16 Mtr, Y-5.75 Mtr, Z-1.75 Mtr ensuring unparalleled precision and efficiency, Equipped with universal head 1x360 deg accuracy, position accuracy and repeatability within 7 microns.
This machine is capable of machining critical large size components like missile launcher, sub frames, launching platforms in Defence, Space and Aerospace Applications.
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.
