NIBE is currently trading at RS. 1600.50, up by 91.10 points (6.04%) from its previous closing price of RS. 1509.40 on the BSE.

The stock opened at RS. 1610.00, reaching a high of RS. 1660.30 and a low of RS. 1582.10. So far, 25,144 shares have been traded on the counter.

The BSE group 'B' stock, with a face value of RS. 10, hit a 52-week high of RS. 2245.40 on July 8, 2024, and a 52-week low of RS. 1100.05 on February 14, 2024. Over the past week, the stock's high and low were RS. 1660.30 and RS. 1302.60, respectively. The company's current market capitalization stands at RS. 2294.53 crore.

The company's promoter holding stands at 53.08%, while Institutional and Non-Institutional investors hold 8.73% and 38.19%, respectively.

Missile and Small Arms Facility Inaugurated in Pune

NIBE has inaugurated its Missile Complex and Precision Machining (Small Arms Complex) facility in Pune. With this newly launched unit, the company is now equipped with advanced Vertical Machining Centres (VMCs) with Computer Numerical Control (CNC) machines, including Kairos V5 16000, BMV 50, and BMV 60+.

These high-capacity and precision machines are ideal for defense and aerospace applications and will be used for manufacturing critical components of Small Arms systems, including Light Machine Guns and Assault Rifles, as well as Missiles and Rocket Launcher structures.

NIBE (formerly known as Kavita Fabrics) manufactures synthetic fabrics, including semi-finished sarees and dress materials, which are offered in various designs as per customer requirements.