Multibagger defence stock NIBE to be in focus on Thursday after demonstrating Garudastra to Indian Army

NIBE Limited successfully demonstrated Garudastra, an advanced 120mm vehicle-mounted mortar and bomb system, to the Indian Army at the Infantry School in Mhow on June 17, 2026. The demonstration showcased rapid shoot-and-scoot operations, a rate of fire of 12 rounds in 60 seconds by a two-man crew, and Multiple Rounds Simultaneous Impact capability with GPS and laser-guided precision munitions. The successful demo strengthens NIBE's positioning as a next-generation defence systems provider under the Atmanirbhar Bharat initiative, with the stock set to be in focus on Thursday's trade.