Shares of Nitco Ltd. hit the 5% upper circuit limit following a major milestone in its restructuring efforts. The company has secured a Rs. 50 crore annual order from Hindustan Associates, a prominent Mumbai-based tile dealer.
The order, dated January 15, 2025, includes Rs. 4 crore for the current fiscal year’s Q4 and Rs. 46 crore for the upcoming financial year. This marks Nitco’s first significant long-term partnership since its restructuring, signaling a strong market comeback and reaffirming its growth trajectory.
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