Shares of Nitin Fire soars after Amitabh Bachchan's Rs 6 crore investment
Advertisement
Advertisement
Nitin Fire hit its highest level in 10 months as investors' enthusiasm continued unabated after Mr. Bachchan purchase. The stock was up 3.95 rupees, or 7 percent, to 55.40 rupees on the
Nitin Fire expects its sales to grow 20-25 percent each year over the next couple of years and the expansion in profit will exceed that percentage, the management said. Nitin Fire is also hopeful of operating margins rising 100-150 bps each year over the same time period.
It gets a majority of its sales from the UAE, Middle East and African geographies and hopes to target the US market in a couple of years. Nitin Fire has no plans to raise funds in the shorter term.
Advertisement
Image credit: Indiatimes
Advertisement
- Angel Investing Opportunities
- Poonch Terrorist Attack: One Indian Air Force soldier dies, five injured; Patrolling intensifies across J&K
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes