India's Nibe up after Q4 profit, equipment supply deal

Nibe

28/05/2024 09:42

** Shares of India's Nibe  NIBE.BO  up as much as 5% to hit
session-high 1,575.60 rupees 
    ** Weapon launcher maker reported Q4 consol net profit vs
loss yr ago; revenue more than doubled 
    ** Co also inked deal to provide equipment to Indian Navy 
    ** Trading vols 7.6x 30-day avg 
    ** YTD stock has surged 149% after a ~58% rise in 2023 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))