The share price of Nitco rose nearly 4 percent in the opening trade on December 17, as the company has secured a significant new order worth Rs 105.40 crore from Prestige Estates Projects.
At 09:24am, Nitco was quoting at Rs 146.00, up Rs 5.45, or 3.88 percent, on the BSE.
This order, which involves the supply of tiles, marble, and mosaic products, will be executed over a period of six months.
Based on the current ongoing projects, the company anticipates receiving orders worth Rs 104 crore in the near future from Prestige Estates Projects.
Catch all the market action on our live blog
The company had posted net loss of Rs 34.60 crore in the quarter ended September 2024.
The share touched a 52-week high of Rs 148.50 and a 52-week low of Rs 28.55 on 12 December, 2024 and 20 December, 2023, respectively.
Currently, the stock is trading 1.68 percent below its 52-week high and 411.38 percent above its 52-week low.
The share price jumped more than 400 percent in the last one-year.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
