India's NIBE hits all-time high after bagging 233 million-rupee order

Nibe

12/06/2025 07:07

** Shares of NIBE NIBE.NS jump as much as 5.4% to a record high of 2,001 rupees, stock last up 4.6%

** NIBE, engaged in fabricating and machining of defence components, wins 233.3 million-rupee ($2.7 million) order from infra and defence co for supply of armour plates

** The order will be executed in tranches by May 31, 2026, says NIBE

** Trading volume is 346,466 shares as of 11:28 a.m. IST, twice the 30-day average, data compiled by LSEG shows

($1 = 85.5100 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))