Re 1/Sh Dividend Soon: Defence Stock Bags New Orders, Shares Rally 29,636% In 5-Yrs

Small cap company engaged in Aerospace & Defence industry, NIBE Ltd shares gained 4% in morning trade today on BSE after it bagged new purchase orders from one of the leading infra and defence company worth over Rs 79 crores. Current market price of NIBE Ltd shares on BSE is Rs 1919.95 apiece. Earlier on August 13, 2024, the company fixed September 14, 2024 as record date for dividend of Re 1/- per equity share of Rs 10/- each for the financial year ended March 31, 2024. NIBE Ltd shares offered stunning returns of 325% in last 1-year. Check details below:

NIBE Ltd Receives Orders: According to the BSE filing of the company issued as on August 16, 2024, "we are pleased to inform that "Nibe Limited" has received Two Purchase Orders from one of the leading Infra and Defence Company for supply of FCR Trailers and Shelters including surface treatment and Air Conditioning for a total consideration of Rs. 79,63,42,985/- (Rupees Seventy Nine Crores Sixty Three Lakh Forty Two Thousand Nine Hundred and Eighty Five Only) (inclusive of all taxes and duties)."

NIBE Sets Record Date For Dividend: As per the August 13 BSE filing of NIBE, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Saturday, September 14, 2024, as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2024. If the dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source."

NIBE Dividend: The Board of NIBE on May 27 recommended dividend of Rs. 1/- per Equity Share of Rs. 10/- each for the financial year ended March 31, 2024, subject to approval of the Members at the ensuing Annual General Meeting (AGM) of the Company, The Dividend, declared, will be paid within 30 days from the date of AGM to those Members who are entitled thereto.

NIBE Shares Performance: The 52-week high price of NIBE Ltd shares on BSE is Rs 2245.40 per share (as on 08/07/2024) and 52-week low price is Rs 449.50 per share (as on 17/08/2023), respectively. The company's market capitalisation stood at Rs 2501.68 crore. NIBE shares jumped 49% in last 6-months, jumped 201% year-to-date, rose 984% in last 2-years, and rose 2834% in last 3-years, and gained 29,636% in last 5-years.

About NIBE Ltd: Nibe Limited is listed on the BSE and has its registered office in Pune. Nibe Limited is also involved in the production of structures, sub-assemblies, and assemblies of mobile weapon launchers for programs such as Pinaka launcher and MRSAM launcher, and other such products for the tri services of Indian Defence, according to its official website.

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