Few points which makes the business very lucrative
-Nibe has established a new subsidiary, Nibe Space Private Limited, holding a 76% stake. This subsidiary will focus on the research and development of space and aerospace products. Its primary areas of work include propulsion systems, satellite launch vehicles, and related technologies. The scope of activities encompasses the design, manufacture, and testing of various aerospace technology products for both domestic and international applications. Additionally, it will utilize IT and its applications in these activities.
-Company has entered into a business agreement with THALES USA, For design manufacture and supply of TACAN equipment to Indian navy.
-Company has entered into an licensing agreement with DRDO.
-New production facility has been inaugurated in Pune.
-Company has recently done capacity expansion.
With my limited experience in the marine sector,I see a bright future of Nibe anyday.Additionally,The stock has given a break out on charts.Please look at the website atleast if anyone has any doubt.I see the glass half full rather than half empty
#Invested and biased.
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