India's NIBE gains on pact with France's Naval Group

Nibe

21/09/2026 05:47

** Shares of India's NIBE NIBE.NS rise 7.3% to 1,381.50 rupees
** Stock on track for its biggest intraday percentage gain in three months
** Defence manufacturing firm says it signed MoU with France's Naval Group to cooperate on naval technologies and defence platforms
** Adds partnership covers underwater drones, mine countermeasure systems, submarine systems and technologies, and naval weapon launching systems
** More than 161,597 shares change hands, about 2.6x the 30-day average volume - LSEG compiled data
** Stock up 24.4% YTD 



 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))