India's NIBE rises on securing $17.52 mln order from Israeli firm

Nibe

26/05/2025 06:01

** Defence systems manufacturer NIBE NIBE.NS climbs ~5% to 1,599.70 rupees

** Co secures $17.52 million order from a technology based company in Israel to manufacture and supply universal rocket launchers

** NIBE does not mention length of contract

** With session's gains, stock narrows 12-month decline to ~3.6%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))