India's NIBE jumps on showcasing vehicle-mounted mortar and bomb system
18/06/2026 05:38
BUZZ-India's NIBE jumps on showcasing vehicle-mounted mortar and bomb system ** Shares of NIBE NIBE.NS jump 7.3% to 1,744.40 rupees
** Defence manufacturing firm, in technical collaboration with a foreign OEM, unveiled long range, 120mm, vehicle-mounted mortar and bomb system, which is named Garudastra
** Co says Garudastra system has precision strike capability with GPS and laser guidance
** YTD, NIBE up ~57%
(Reporting by Vijay Malkar)
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