Multibagger in just 6 months: This small-cap stock is into the expansion of business!
In just 6 months, the stock gave multibagger returns of 177.95 per cent and over 863 per cent in just 1 year.
Nibe Ltd informed the exchange (BSE) that their new Plant is expected to be operational by May 2023, which is expected to increase the existing overall operational capacity by 80 per cent. In addition to the above, the new plant will also cater to the production needs of defence critical parts and launcher system components.
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, the structure of modular bridge machining, indigenous hull and turret machining for tracked vehicles.
Today, shares of Nibe Ltd surged 4.24 per cent to Rs 468 per share from its previous closing of Rs 449. At 03:30 pm, shares of the company ended the day lower, down 0.89 per cent to Rs 445 per share.
Incorporated in 2005, Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of Rs 463.63 crore. It is in the business of manufacturing critical components for defence, e-vehicles and software development. The company reported annual; excellent results in both quarterly and annual financial statements.
In just 6 months, the stock gave multibagger returns of 177.95 per cent and over 863 per cent in just 1 year. Investors should keep an eye on this Small-Cap stock.