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New Delhi. The shares of defense sector company, Nibe Limited, have made investors rich in just four years. Four days ago, the price of this share was only Rs 12, which has increased to Rs 1844. In this way, in just four years, investors have made a huge profit of 14600 percent from the shares of Nibe Limited. Today this stock opened in the green on NSE and once reached Rs 1844 intraday. Later it declined and till the time of writing the news it was trading at Rs 1785. Even in the last one year, this stock has given multibagger returns and its price has increased by 210 percent in 12 months.
Nibe Limited was listed in the stock exchange in the year 2005. It is engaged in the business of fabrication and machining of components. The company provides services related to design, supply, construction and commissioning of low and medium voltage lines. It also manufactures important components for software development, defence, electric vehicles etc. The market capitalization of Nibe Limited is Rs 2400 crore.
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One lakh became one crore
On 9 November 2020, Nibe Limited share price was Rs 12.57. Today it reached Rs 1844. In this way, the share has given more than 14600 percent return in 4 years. If someone had invested Rs 10,000 in shares 4 years ago and has remained invested till now, then today his investment has taken the shape of Rs 14 lakh. Similarly, Rs 20,000 has now become Rs 29 lakh and Rs 50,000 has now become Rs 73 lakh. If an investor had invested Rs 1 lakh in this share earlier and has retained his investment, then now the value of his investment has become Rs 1 crore.
Promoters have 53 percent stake
The promoters held 53.08 percent stake in the company by the end of September 2024. Nibe Limited’s financial results for the July-September 2024 quarter and April-September 2024 half year will be released on November 13. According to the data available on BSE, in the April-June 2024 quarter, the company’s revenue was Rs 109.28 crore and net profit was Rs 7.86 crore. In the financial year 2023-24, revenue was recorded at Rs 279 crore and net profit was Rs 22 crore.
(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi is responsible for any loss you may incur. Will not done.)
Tag: tips to earn money, multibagger stock, stock market, stock tips
first published : November 12, 2024, 3:28 pm IST
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