Stock Report

Nibe Limited updates on agreement with Munition India Ltd

Posted On : 2024-02-25 22:46:43( TIMEZONE : IST )

Nibe Limited updates on agreement with Munition India Ltd

Nibe Limited had earlier executed 'the Exclusive Manufacturing Agreement' with Munition India Limited for export of the ammunitions.

The purpose of the agreement is to manufacture and supply hardware to MIL for export of Ammunitions in product range of MIL.

The Company and MIL will work together for export of ammunitions in product range of MIL for a period of 10 years from date of execution of 'the Exclusive Manufacturing Agreement' or such extended period as may be mutually agreed between both the parties.

Shares of NIBE Ltd was last trading in BSE at Rs. 1393.85 as compared to the previous close of Rs. 1327.50. The total number of shares traded during the day was 47583 in over 1191 trades.

The stock hit an intraday high of Rs. 1393.85 and intraday low of 1365.00. The net turnover during the day was Rs. 66286205.00.

Source : Equity Bulls


NIBE INE149O01018 MunitionIndia Export Ammunitions