8,500 per cent returns: This multibagger aerospace & defence company collaborates with Hewlett Packard Enterprise India Private Limited!

The stock gave multibagger returns of 914 per cent in just 2 years, up 4,713 per cent in 3 years and a whopping 8,500 per cent returns in 5 years.

Nibe Ltd informed the exchange (BSE) that the company has entered into a collaboration agreement with Hewlett Packard Enterprise India Private Limited. The purpose of entering into the agreement is for HPE Green Lag Cloud Services.

Earlier, the company received 7 purchase orders from Larsen & Toubro Limited for manufacturing of bridge centre module structure for a total consideration of Rs 16.80 crore.

Additionally, at the new Plant, the company will install India’s first state-of-the-art Meter and 12-meter (2 Nos) VMC (Vertical Matching Centre) machines, the structure of modular bridge machining, indigenous hull and turret machining for tracked vehicles.

Additionally, the company increased the existing overall operational capacity by 80 per cent. In addition to the above, the new plant will also cater production needs of defence critical parts and launcher system components.

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Today, shares of Nibe Ltd surged 2 per cent upper circuit to Rs 548.65 per share from its previous closing of Rs 537.90. The stock has a 52-week high of Rs 564.90 per share and a 52-week low of Rs 275 per share.

Incorporated in 2005. Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of Rs 650 crore. It is in the business of manufacturing critical components for defence, e-vehicles and software development.

The company reported excellent results in both quarterly and annual financial statements. The shares of the company have a ROE of 38.85 per cent and an ROCE of 40 per cent.

The stock gave multibagger returns of 914 per cent in just 2 years, up 4,713 per cent in 3 years and a whopping 8,500 per cent returns in 5 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.