Nibe Stock Jumps 4.3% After DRDO Tech License

  Published 1 year 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.

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