NIBE receives orders of Rs21.95 crore; Stock plunges 5%

30 Sep 2022 , 12:16 PM

NIBE Ltd has received multiple orders towards supply of material and services total amounting to Rs21.95 crore (INR Twenty One Crores Ninety Five Lacs Only).

As per the filing, time period by which the orders is to be executed is within six to seven months, the company said on Thursday.

On Friday at around 12:19 PM, NIBE was trading at Rs356.70 per share lower by 4.99% on the BSE. Previously, the scrip ended at Rs375.45 per share on the BSE.

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