Nitin Fire Protection soars on receiving product approval from Underwriters Laboratory

Nitin Fire Protection Industries Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 532854 | NSE: NITINFIRE

10 Apr 2015 Evaluate

Nitin Fire Protection Industries is currently trading at Rs. 39.00, up by 0.85 points or 2.23% from its previous closing of Rs. 38.15 on the BSE.

The scrip opened at Rs. 38.50 and has touched a high and low of Rs. 40.20 and Rs. 38.45 respectively. So far 137410 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. 40.20 and Rs. 34.70 respectively. The current market cap of the company is Rs. 1144.24 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 received approval from Underwriters’ Laboratory (UL), one of the most prominent approving authority for fire protection based out of USA, for its Emergency Lights for use into fire safety application. This UL is one of the most stringent approving authorities based out of USA who certifies the design and configuration of the system for various applications. The standards followed by them are one of the highest in the world and accepted worldwide.

The company expects to have much higher business growth with this approval which has opened up some area where there were specific requirements of UL Listed systems. UL is a global independent safety science company with more than a century of expertise innovating safety solutions from the public adoption of electricity to new breakthroughs in sustainability, renewable energy and nanotechnology. Dedicated to promoting safe living and working environments, UL helps safeguard people, products and places in important ways, facilitating trade and providing peace of mind.

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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