NIBE trades higher on inaugurating new plant at Pune

10 Feb 2023 Evaluate

NIBE is currently trading at Rs. 452.00, up by 3.00 points or 0.67% from its previous closing of Rs. 449.00 on the BSE.

The scrip opened at Rs. 458.00 and has touched a high and low of Rs. 468.00 and Rs. 447.30 respectively. So far 3869 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.90 on 25-Jan-2023 and a 52 week low of Rs. 41.65 on 17-Mar-2022.

Last one week high and low of the scrip stood at Rs. 469.40 and Rs. 419.85 respectively. The current market cap of the company is Rs. 470.93 crore.

The promoters holding in the company stood at 62.97%, while Institutions and Non-Institutions held 0.99% and 36.04% respectively.

NIBE has inaugurated its new Plant 3 situated at Gut No. 277, At Post Nighoje, Tal Khed, Pune on its 2nd Foundation Day i.e., February 07, 2023. The new Plant is expected to be operational by May 2023, and this will increase existing overall operational capacity by 80%. At the new Plant, the Company will install India’s first state of the art 16 Meter and 12 Meter (2 Nos) VMC (Vertical Matching Centre) Machines, structure of modular bridge machining, indigenous Hull and Turret machining for tracked vehicles. In addition to above, the new plant will also cater production needs of defence critical parts and launcher system components.

NIBE is in the business of trading in electronic components, fabrication materials, job work relating to fabrication works and consultancy in technical project etc.

NIBE Share Price

1577.50 28.70 (1.85%)
15-Jan-2025 16:59 View Price Chart
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