NIBENSENIBE LimitedMediumPositive
Announced Wed, 17 Jun · 17:52 IST

Nibe demonstrates Garudastra mortar system to Indian Army

Business Updates View source PDF

NIBE · price

Loading chart…

▲ 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
+10.8%1-day move
₹1637.40
prior close
₹1665.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+2.5+3.8+2.6+10.8+11.9+7.5+4.3+2.8+2.0-2.0-4.6
Up moveDown movePending
AI summary

Nibe Limited demonstrated its Garudastra 120mm vehicle-mounted mortar and bomb system to the Indian Army at Infantry School, Mhow on June 17, 2026. The demo was held on a No Cost No Commitment basis under technical collaboration with a foreign OEM. Showcased capabilities include shoot-and-scoot in under 30 seconds, 12 rounds in 60 seconds by a two-man crew, Multiple Rounds Simultaneous Impact, and a precision-guided munition using GPS and laser that hit a 3m by 3m target. No orders confirmed yet.

Likely market impact

Positive sentiment as product is showcased to a key potential buyer, but no order is confirmed so revenue impact remains uncertain.