This multibagger stock from the aerospace and defence industry bags work order worth USD 3.7 lakh

Shares of the company have jumped more than 650 per cent in the last 1 year.

On February 17, 2023, Nibe Limited informed in the exchange filing that it has received three purchase orders from Dymac Global Limited for manufacturing of fuel storage tanks for export to DyMac USA Inc and DyMac Canada for a total consideration of USD 3,72,861. The order is to be executed by April 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.

Today, the stock opened at Rs 413.90, with a high and low of Rs 413.90 and Rs 391.65. The stock is currently trading at Rs 406.00, up by 2.77 per cent. 

In the last 6 months, the shares of the company have given more than 85 per cent returns and on a YTD basis, the stock has given about 0.2 per cent returns.

The stock has a 52-week high of Rs 564.90 and a 52-week low of Rs 41.65. The company has a ROCE of 3.28 per cent and an ROE of 1.80 per cent, with a market capitalisation of Rs 412 crore.