Announced Thu, 9 Jul · 18:01 IST
NIBE clarifies no formal award yet for Army loitering munition tender
Business Updates View source PDF
NIBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹1621.10
prior close
₹1619.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-1.2-1.3-0.2-2.1-1.6-3.5-4.9-7.8-4.4————
Up moveDown movePending
AI summary
NIBE responded to NSE over a news article hinting at the company possibly bagging the Indian Army's 1,600 crore loitering munition tender for the Vayu Astra-1 system. The company clarified it has NOT received any formal communication or award letter confirming the tender outcome, calling the news speculative. NIBE had earlier disclosed successful technical trial completion at Pokhran and Joshimath on May 21, 2026. No material event has crystallised yet.
Likely market impact
Clarification may temper any speculative stock rally; no confirmed revenue yet, actual award still pending