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Nitin Fire Protection trades with traction on bagging order worth Rs 61 crore

20 Feb 2015 Evaluate

Nitin Fire Protection Industries is currently trading at Rs. 39.70, up by 1.55 points or 4.06% from its previous closing of Rs. 38.15 on the BSE.

The scrip opened at Rs. 38.30 and has touched a high and low of Rs. 40.60 and Rs. 37.75 respectively. So far 161254 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.75 on 03-Jul-2014 and a 52 week low of Rs. 30.15 on 02-Dec-2014.

Last one week high and low of the scrip stood at Rs. 43.80 and Rs. 37.55 respectively. The current market cap of the company is Rs. 1164.69 crore.

The promoters holding in the company stood at 71.85% while Institutions and Non-Institutions held 16.87% and 11.29% respectively.

Nitin Fire Protection Industries has bagged order worth Rs 61 crore for providing specialized protection for the upcoming project at UAE, the jewel of creek, wherein the company is providing its latest system one of its kind for this project. The product used here is going to be inertech approved by Loss Prevention Control Board (LPCB) UK, an internationally recognised mark of trust. This agency is working more than 100 years to assess and approve fire safety products and their installation. LPCB branded products give confidence on the quality of the products.

From the jewell of creek in the initial phase of its order, has opened up lot of opportunities into this area and shall give us a greater opening into this market segment completely. This product will further strengthen the company’s top-line being one of the very few key important upcoming product into development.

Nitin Fire Protection is a leading fire protection, safety, securities and intelligent building management system, high pressure seamless cylinder and refuelling systems company in India.

Nitin Fire Protectn Share Price

1.82 0.00 (0.00%)
10-Feb-2022 18:01 View Price Chart
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