NIBE Ltd's Stock Surge Highlights Strong Momentum in Defence Sector Performance

Mar 25 2025 10:00 AM IST
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NIBE Ltd, a small-cap Defence industry player, saw its stock reach an intraday high of Rs 980.25, marking a notable increase. The stock has gained for five consecutive days, accumulating a total return of 27.61%. Today's trading volume was 0.14565 lakh shares, reflecting strong market interest.
NIBE Ltd, a small-cap player in the Defence industry, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 980.25. This marks a significant change of Rs 46.65, translating to a 5% increase from the previous trading session. The stock opened with a notable gain of 4.11%, reflecting strong momentum as it has now gained for five consecutive days, accumulating a total return of 27.61% during this period.

The trading activity today saw a total volume of 0.14565 lakh shares, resulting in a turnover of approximately Rs 1.42 crore. The stock has been trading within a narrow range of Rs 8.35, indicating stability in its price movements. While the stock's performance has outpaced its sector by 5.19%, it is currently positioned above its 5-day and 20-day moving averages, although it remains below the longer-term averages of 50, 100, and 200 days.

Overall, NIBE Ltd's performance today underscores its strong market position within the Defence sector, as it continues to attract attention with its recent gains.
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