Nibe Stock Jumps 4.3% After DRDO Tech License

  Published 9 months ago

Nibe shares rise 4.3% as India's DRDO grants tech license for modular bridging system production and exclusive defense sales.

  • The license enables 10-year local manufacturing and sales in select regions for defense components maker Nibe.
  • Exclusive rights to supply modular bridging systems to the Indian Armed Forces and government agencies secured.
  • Trading volume hits 132k shares, 11% above the 30-day average, with the stock up 4% since the February 2025 listing.

You might like these

IOB Q1 Profit Doubles, NPA Falls

Eicher Motors' July Sales Zoom 31%

GOCL Shares Slip 3.3% After Large Sale

Infosys BPM Launches AI-Powered Invoice Processing

SBI Life’s Strong H1 FY26 Growth

Adani Group Faces US Probe Over Iran LPG Imports

India Services PMI Sep: Slower, Positive

News that matters the most ⚡