This smallcap defence stock jumps 5% in trade today; here's why

NIBE share price rose after securing an order worth Rs 23.33 crore from an infrastructure and defence company for supply of armour plat MIL12560 (ARMOUR).
SI Reporter New Delhi
NIBE share price: NIBE shares rose up to 4.54 per cent to hit an intraday high of ₹1,986 per share on Thursday, June 12, 2025.
At 11:11, NIBE shares were off day's highs, and were trading 3.38 per cent higher at ₹1,964 per share. In comparison, BSE Sensex was trading 0.36 per cent lower at 82,214.10 levels.
Track LIVE Stock Market Updates Here
Why did NIBE share price rise in trade today?
NIBE share price rose after securing an order worth ₹23.33 crore from an infrastructure and defence company for supply of armour plat MIL12560 (ARMOUR).
In an exchange filing, NIBE said, 'This is to inform that the Company has received a Purchase Order from one of the leading Infra and Defence Company for Supply of Armour Plate MIL12560 (ARMOUR) for a total consideration of ₹23.33 crore (inclusive of all taxes and duties).'
The company further said that the order will be executed in tranches by May 31, 2026.
Earlier this week, NIBE entered into a licensing agreement with Research & Development Establishment (Engrs.) (R&DE(E)), Pune, Defence Research and Development Organisation (DRDO), India, Ministry of Defence, Government of India for transfer of technology of 'Modular Bridging System' of various lengths from 14m to 46m.
The 'Modular Bridging System' is a state-of-the-art, mechanically launched mobile bridge, developed by DRDO. It is a complex, multi-disciplinary engineering solution capable of rapidly deploying bridges up to spans of 46m to enable the crossing of tracked and wheeled vehicles. The system is specifically designed to address the dynamic requirements of the Indian Armed Forces and other Government agencies, NIBE explained. ALSO READ |
About NIBE
NIBE, an Indian defence technology company, is engaged in the development, manufacturing, and integration of sophisticated defence systems.
With a strong focus on innovation, self-reliance, and global collaboration, NIBE plays a crucial role in boosting the country's defence readiness and export capabilities.
NIBE's market capitalisation is ₹2,805.84 crore, according to BSE. The company falls under the BSE SmallCap category.
The 52-week high of NIBE is ₹2,245.40, while its 52-week low is ₹753.05 apiece.
Track LIVE Stock Market Updates Here

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Hindustan Times

18 minutes ago

• Hindustan Times

India's watchdog warns Air India for breaching pilots' flight duty timings

By Aditya Kalra India's watchdog warns Air India for breaching pilots' flight duty timings NEW DELHI, - India's aviation watchdog has issued a warning to Air India for "repeated and serious violations" related to pilot duty scheduling and oversight, according to government directives reviewed by Reuters on Saturday. The Directorate General of Civil Aviation directed Air India to remove three company executives from crew scheduling roles - a divisional vice president, a chief manager of crew scheduling and one planning executive - for lapses linked to flights from Bengaluru to London on May 16 and May 17 that exceeded the stipulated pilot flight time limit of 10 hours. The June 20 order cited "systemic failures in scheduling protocol and oversights" and criticised the lack of strict disciplinary measures against responsible officials. The latest action by the aviation authority against the airline is unrelated to this month's crash of an Air India Boeing 787-8 plane that killed all but one of the 242 people onboard but signal heightened scrutiny of the airline. On Thursday, Reuters reported the authorities had also warned Air India for breaching safety rules after three of its Airbus planes flew despite being overdue for checks on emergency equipment of escape slides. The latest order by assistant director of operations at the DGCA, Himanshu Srivastava, said: "Of particular concern is the absence of strict disciplinary measures against key officials directly responsible." In a statement to Reuters, Air India said it has implemented the DGCA order and in the interim, the company's chief operations officer will provide direct oversight to the Integrated Operations Control Centre. "Air India is committed to ensuring that there is total adherence to safety protocols and standard practices," it added. The DGCA stated in its order that Air India had voluntarily disclosed the violations. Air India was taken over by the Tata Group in 2022 and faces many challenges in its attempts to rebuild its image, after years of criticism from travelers for poor service. The Indian regulator, like many abroad, often fines airlines for compliance lapses. India's government in February told parliament that authorities had warned or fined airlines in 23 instances for safety violations last year. Around half of them - 12 - involved Air India and Air India Express. The biggest fine was $127,000 on Air India for "insufficient oxygen on board" during some international flights. This article was generated from an automated news agency feed without modifications to text.

Mint

24 minutes ago

• Mint

Investors tip to Indian manufacturers: adopt tech and become Silicon Valley for global funds

Singapore, Jun 21 (PTI) Given the government's generous incentives, the Indian manufacturing sector should adopt technology to become a "Silicon Valley" that attracts global sovereign funds, said Bengaluru-based industrialist-turned-investor Ankit Kedia. "Eventually, we should build Indian manufacturing startups that expand abroad as part of our future plans, as we want to make products for the world with a home-grown Silicon Valley-type ecosystem," Kedia said in an interview to PTI at the Super AI conference and exhibition held June 18–19 here. However, technology must be made affordable for these cash-strapped manufacturers operating in lower-cost environments in Tier-II and Tier-III cities, he said. Bengaluru, already recognised as a technology hub and often called India's Silicon Valley, should now focus on manufacturing, especially by leveraging advanced technologies such as artificial intelligence, he suggested. Kedia, who is currently working on a ₹ 400-crore Fund-2 under his five-year-old Capital-A, shared his vision for the Indian manufacturing sector over the next 15 years, aiming for a strong foundation across the country, starting with low-cost factories in Tier-II and Tier-III cities. With two decades of experience in various industries and five years of running Capital-A Fund-1, Kedia is focused on technologies for the manufacturing sector, which he wants to combine with his long-term investment horizon of 15 to 20 years. Kedia has explored opportunities for the use of AI in manufacturing at the Super AI show, stating that he is returning home to raise ₹ 400 crore for Fund-2, which will be strategically invested in factories in Tier-II and Tier-III cities such as Amritsar, Pune, Ahmedabad. "We want hardware producers in these cities to form the foundation of our future manufacturing ecosystem and to share prosperity across the country," he said. "India's large consumer market, along with the government's Production Linked Incentive (PLI) schemes, provides further confidence to investors to support small and medium-sized software or hardware manufacturers, who will have a low-cost advantage when competing globally,' he emphasized. Kedia also sees international sovereign funds moving to India for better returns on investment, especially as they face pressure from global uncertainties. Capital-A Fund-1 has reported an Internal Rate of Return (IRR) of 28 per cent and is being tracked at 1.8X, Kedia said. "Such fund returns are becoming more and more attractive to sovereign funds in Europe and the United States," said the fund manager, who invested ₹ 120 crore under Fund-1 across 25 investments five years ago. "The strong domestic market, the stability of the Indian ecosystem, and the potential of leveraging an increasing number of free trade agreements (FTAs) between India and international markets are all plus points for our manufacturing sector," he underscored. Harshul Arora, founder and CEO of Noida-based Macgence, noted that more and more enterprises are shifting to AI-automation to be more cost-effective and capture a bigger share of the market through efficient production. "Small manufacturers in Tier-II and -III city regions are able to use AI to communicate with their clients – a real time translation is offered to these small manufacturers to communicate in any language with clients. "This will increase their communication skills and reach to global businesses as well as a large audience," said the 24-year-old who started with a language solutions company and now runs training data solutions for AI companies globally. Over 7,000 participants from more than 100 countries attended the Singapore Super AI.

Time of India

27 minutes ago

• Time of India

India buying US F‑35 or Russian Su‑57? Defence Secretary RK Singh reveals India's big plan for stealth fighter jet

India is not in any formal talks with the United States or Russia for acquiring fifth-generation stealth fighters like the F-35A or Su-57E, Defence Secretary Rajesh Kumar Singh clarified on Friday. Instead, the country is focusing on developing its own fifth-generation aircraft—the Advanced Medium Combat Aircraft (AMCA)—with an estimated timeline of eight years. No formal talks on F-35A or Su-57E: Defence Secy 'On F-35A and Sukhoi Su-57 E, whatever has been discussed has been informal. We don't have any formal consultation going on on these,' Singh told ANI in a podcast. He added that the focus is on indigenous capability: 'What I can talk about is our fifth-generation fighter, which will be the AMCA.' AMCA project opens to private firms For the first time, India has opened the AMCA programme to private aerospace companies. The Defence Research and Development Organisation (DRDO) released a Request for Information (RFI) on Thursday, inviting bids from both public and private sector players. 'We've kept it open for the public and private sectors for the first time. The intent is that we need to have at least two aircraft manufacturers in the country, if not more,' Singh said. 'For the AMCA, the timeline is about eight years.' Execution model offers equal opportunity The AMCA programme will follow a competitive Execution Model approved by Defence Minister Rajnath Singh last month. It allows Indian companies to bid individually, through joint ventures or as consortiums. The model aims to create a level playing field across the defence aviation industry. Live Events You Might Also Like: Pakistan to get 40 more Chinese J-35 stealth jets soon: What are its capabilities and should India be concerned? HAL will benefit from competition, says Singh While HAL remains the only established military aircraft manufacturer in the country, Singh said competition would ultimately help the public-sector giant. 'There was a committee headed by me… that gave the report we need to open it up… HAL will also gain from healthy competition,' he said. He acknowledged HAL's existing limitations: 'The LCA production line has not stabilised, largely because of delays in engine supplies from the US… But they already have six years of orders with them.' Decline in reliance on Russian defence supplies Singh also said India's dependence on Russian equipment has reduced over the years. 'The percentage would have come down… maybe 40 per cent or so, from about 65–70 per cent earlier,' he said. You Might Also Like: Hypersonic missiles, next-gen BrahMos, new air defence: DRDO chief reveals long list of India's future-ready weapons Pakistan proposes Nobel Peace Prize for Donald Trump, says he played 'pivotal role during India-Pakistan crisis' However, global conflicts have disrupted defence imports from multiple partners, including Russia, Israel, France, and the United States. 'The S-400s… are delayed, but where we now have a firm schedule; they'll come next year by April,' Singh noted. He also said some Israeli contracts faced delays due to the country's ongoing conflict.