India's NIBE up on deal to develop ammunition

Nibe

02/01/2024 05:42

** Shares of weapon launchers maker NIBE Ltd  NIBE.BO  up
2.2% at 648 rupees
    ** Co signs memorandum of understanding with private firm
Munitions India to develop ammunition
    ** Over 68,000 shares traded, 1.5x the 30-day avg volume 
    ** Stock rose ~58% in 2023


 (Reporting by Nandan Mandayam)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))