700 per cent returns in 1 year: This multbagger smallcap stock receives massive new order!

The company has had an excellent performance this year, delivering multibagger returns of more than 710 per cent in just one year

On Friday, shares of Nibe ltd zoomed and got locked at 5 per cent upper circuit to make an intraday high of Rs 365.25. The scrip witnessed massive spurt in volume. The company underwent a change in management in March 2020 after an open offer of shares.

On Friday, March 31, 2023, Nibe Ltd informed the exchange it has received 4 purchase orders from Larsen & Toubro Limited for manufacturing of bridge center module structure and other assemblies and sub-assemblies of modular bridge project worth Rs 39.76 crore.

Nibe Ltd is a versatile company that specializes in producing essential components for the defense industry, e-vehicles, and software development. Additionally, the company offers comprehensive services in the areas of design, supply, testing, and commissioning of low and medium voltage lines with substations on a turnkey basis.

The company has had an excellent performance this year, delivering multibagger returns of more than 710 per cent in just one year, 1480 per cent in two years, and a whopping 4400 per cent in five years.

In light of these impressive returns, investors are encouraged to keep a close eye on this trending multibagger stock. With its proven track record of success and its continued commitment to quality and innovation, Nibe Ltd is poised to maintain its position as a leader in the industry and deliver significant returns to its investors in the future.