600 per cent returns: This multibagger stock from the aerospace and defence industry bags a work order worth USD 75,245!
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Shares of the company have gained more than 15 per cent in the last six months.
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Nibe Limited informed in the exchange filing that it has received one purchase order from Dymac Global Limited to manufacture and export fuel storage tanks for a total consideration of $ 75,245. The order is from an international entity and is to be executed by July 2023.
Nibe Ltd is in the business of manufacturing critical components for defence, E-vehicles and software development. The company offers strategic products & related research advancement. The E-vehicles branch deals in the design, development, manufacturing & trading of E-vehicles and delivers the best-in-class eco-friendly E-bikes. The plant manufactures a wide spectrum of critical components catering to the defence industry. BVM R & D Foundation is responsible for the research and development of advanced lithium-ion battery packs and solutions.
On Friday, the stock opened at Rs 355.50, with a high and low of Rs 370.70 and Rs 351.00. The stock closed trading at Rs 362.90, up by 2.78 per cent. The stock has a 52-week high of Rs 564.90 and a 52-week low of Rs 46.45.
In the last year, the shares of the company have given more than 600 per cent returns and on a YTD basis, the stock has declined by 10 per cent. The stock has shown tremendous growth and investors should keep a close eye on this stock.
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