India's NIBE climbs to 11-week high on contract win

Nibe

05/01/2026 05:40

** Shares of India's NIBE NIBE.NS rise as much as 8.7% to 1,345 rupees, their highest point since October 17

** The aerospace and defence firm receives an order worth 2.93 billion rupees ($32.47 million) from the Indian Army

** The order will be executed and delivered in tranches within 12 months, says NIBE

** Trading volume is 281,694 shares, as of 11:06 a.m. IST vs 30-day avg of 38,605, data compiled by LSEG shows

   ($1 = 90.2425 Indian rupees)

 (Reporting by Brijesh Patel and Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))