600 per cent returns: This multibagger stock from the aerospace and defence industry bags a work order worth USD 75,245!

Shares of the company have gained more than 15 per cent in the last six months.

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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