India's Nibe hits upper circuit after unit wins 500 mln-rupee orders

Nibe

09/09/2024 07:05

** Shares of Nibe  NIBE.BO  rise as much as 5%, hitting
upper circuit
    ** Defense machinery components maker's unit gets four
purchase orders from an infra and defence co worth 500 mln
rupees ($5.9 mln)
    ** More than 96,000 shares traded as of 11:26 a.m. IST in
stocks busiest day since Aug. 19
    ** NIBE climbs ~208% YTD

($1 = 83.9300 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))