A share of Rs 12 gave huge profits, it took only 1 lakh to turn 1 lakh into 1 crore…

New Delhi. 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. Thus, in just four years, investors have earned a huge profit of 14600% from the shares of Nibe Limited. Today the stock opened in the green on the NSE and once touched Rs 1844 intraday. It later declined and was trading at Rs 1785 till the time of writing. Even in the last one year the stock has given multi-bagger returns and has gained 210% in value in 12 months.

NAB Limited was listed in the stock exchange in the year 2005. It is engaged in the business of component fabrication and machining. The company provides services related to design, supply, construction and commissioning of low and medium voltage lines. It also manufactures critical components for software development, defense, electric vehicles, etc. Nibe Limited has a market capitalization of Rs 2400 crore.

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One lakh became one crore.
On November 9, 2020, the share price of Nibe Limited was Rs.12.57. Today it reached Rs 1844. Thus the shares have given more than 14600% profit in 4 years. If someone invested 10 thousand rupees in shares 4 years ago and has invested till now, today his investment has become 14 lakh rupees. Similarly Rs 20,000 is now Rs 29 lakh and Rs 50,000 is now Rs 73 lakh. If an investor invested Rs 1 lakh in this share four years ago and maintained his investment, now his investment is worth Rs 1 crore.

The promoters hold 53% stake.
The promoters held 53.08 per cent stake in the company till the end of September 2024. Nibe Limited’s financial results for July-September 2024 quarter and April-September 2024 half-year will be released on November 13. In the April-June 2024 quarter, the company’s revenue was Rs 109.28 crore and net profit was Rs 7.86 crore, according to data available on BSE. In FY 2023-24, revenue was recorded at Rs 279 crore and net profit was Rs 22 crore.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes liable for any damages you incur.)

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