This multbagger smallcap stock receives a massive new order!
The company underwent a change in management in March 2020 after an open offer of shares
NIBE Ltd is a versatile company that specializes in producing essential components for the defense industry, e-vehicles and software development. Additionally, the company offers comprehensive services in the areas of design, supply, testing and commissioning of low and medium voltage lines with substations on a turnkey basis. The company underwent a change in management in March 2020 after an open offer of shares.
On Monday, the company informed the exchange it has received two orders from Larsen & Toubro Limited for machining of modular bridge structure and assembly worth Rs 16.80 crore. Due to the volatile and weak market conditions, the company's stock was trading at Rs 341.55, down 5 per cent on Monday. However, NIBE has had an excellent performance this year, delivering multibagger returns of more than 680 per cent in just one year, 1480 per cent in two years and a whopping 4200 per cent in five years.
In light of these impressive returns, investors are encouraged to keep a close eye on this trending multibagger stock. With its proven track record of success and its continued commitment to quality and innovation, NIBE is poised to maintain its position as a leader in the industry and deliver significant returns to its investors in the future.