Multibagger defence stock hit 52-week high after bagging Rs 23,33,00,000 order from one of the leading Infra and Defence Company
. The stock gave multibagger returns of 162 per cent from its 52-week low of Rs 761.50 per share and a whopping 19,985 per cent in 5 years.
On Wednesday, one of the Top Gainers on the NSE, shares of Nibe Ltd, gained 9.50 per cent to an intraday high of Rs 1,994.40 per share from its previous closing of Rs 1,821.30 per share. The stock also made a new 52-week high is Rs 1,994.40 per share and its 52-week low is Rs 761.50 per share.
Nibe Limited has received a significant domestic purchase order worth Rs 23.33 crore (inclusive of all taxes and duties) from a leading Infra and Defence Company. The order is for the supply of Armour Plate MIL12560 (ARMOUR). Nibe Ltd is scheduled to execute this order in tranches, with the final delivery expected by May 31, 2026.
Earlier, Nibe Limited secured a significant Technology Transfer License from DRDO's Research & Development Establishment (Engrs.) (R&DE(E)), Pune, for the "Modular Bridging System." This agreement enables Nibe to manufacture and sell these state-of-the-art mechanically launched mobile bridges, ranging from 14m to 46m, designed for the Indian Armed Forces and other Government agencies. This move reinforces Nibe's commitment to "Make in India" and "Atmanirbhar Bharat" initiatives, granting them exclusive rights for supply to Indian government entities within specified regions for 10 years.
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About the Company
Incorporated in 2005. Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of over Rs 2,600 crore and has delivered good profit growth of 366 per cent CAGR over the last 5 years. NIBE Ltd is a company specialising in manufacturing components for both defence and electric vehicles. They produce parts for weapon systems, naval applications, and electric vehicles. Additionally, they develop software and conduct research in the electric vehicle sector. Their customers include the Indian military and L&T Defence.
The shares of the company have a PE of 105x, an ROE of 14 per cent and an ROCE of 16 per cent. The stock gave multibagger returns of 162 per cent from its 52-week low of Rs 761.50 per share and a whopping 19,985 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.