NIBE Industries saw its shares climb to Rs. 1830.05, reflecting a rise of 35.25 points or 1.96% from its previous close of Rs. 1794.80 on the BSE. The stock opened at Rs. 1842.00, with intraday fluctuations between Rs. 1842.00 and Rs. 1815.00. Around 4368 shares have been traded so far.

The BSE 'B' group stock, with a face value of Rs. 10, reached a 52-week high of Rs. 2245.40 on July 8, 2024, and a 52-week low of Rs. 481.00 on September 8, 2023. In the last week, the stock hit a high of Rs. 1929.45 and a low of Rs. 1749.00. The company’s market capitalization currently stands at Rs. 2565.95 crore. Promoters hold 49.96% of the company’s shares, while Institutions and Non-Institutions hold 10.32% and 39.72%, respectively.

NIBE's subsidiary, Nibe Space, has formed a consortium with a leading Indian company to collaborate on projects related to establishing India's sovereign Earth observation satellite constellation. This partnership is a general understanding, with the possibility of further agreements for specific projects.

NIBE, formerly known as Kavita Fabrics, specializes in the production of synthetic fabrics, including semi-finished sarees and dress materials, which are offered in various designs tailored to customer preferences.