Multibagger defence stock hit 10% lower circuit after receiving an order of Rs 29.22 crore from One of the Leading Infra and Defence Company
DSIJ Intelligence-1 / 08 Aug 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 753.05 per share and a whopping 12,500 per cent in 5 years.
On Friday, one of the Top Losers on the BSE, shares of Nibe Ltd, hit a 10 per cent lower circuit to Rs 1,436.25 per share from its previous closing of Rs 1,595.80 per share. The stock has a 52-week high is Rs 2,220 per share and its 52-week low is Rs 753.05 per share. The shares of the company saw a spurt in volume by more than 4 times on the BSE.
NIBE Limited is a leading Indian defence technology company, specialising in the development, manufacturing, and integration of advanced defence systems, informed that the company has received Purchase orders amounting to Rs 29.22 crore from one of the leading Infra and Defence Company for supply of constructional details trackway (which includes cutting, bending, pre-machining and fabrication) and breech casing (which includes fabrication, machining and heat treatment).
Earlier, the company partnered with Israel's Elbit Systems Land Limited. This deal secured the license and technology transfer for Elbit's PULS (Precise & Universal Launch System), an artillery rocket system with a 300 km range. Nibe will now manufacture this system in India as "SURYA", a key step for "Atmanirbhar Bharat" and "Make in India" defence initiatives. The SURYA system features universal rocket launching, autonomous operation, and enhanced mission readiness. This collaboration strengthens India's defence and Nibe's global reach. Financial details were pending.
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About the Company
NIBE Limited is a leading Indian defence technology company, specialising in the development, manufacturing, and integration of advanced defence systems. With a focus on innovation, self-reliance, and global collaboration, NIBE is playing a crucial role in bolstering India’s defence capabilities and expanding its export potential in the global market. As a cornerstone of India’s defence sector, NIBE is committed to delivering world-class solutions that address the evolving challenges of modern warfare.
The shares of the company have a PE of 70x, an ROE of 14 per cent and an ROCE of 16 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 753.05 per share and a whopping 12,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.