शुभ दीपावलीDiwali offer: 3 months free on yearly plans · ends 11 NovSee plans
NIBENSENIBE Limited· Aerospace & DefenseHighPositive
Announced Thu, 21 May, 2026 · 12:21 IST

NIBE Limited has informed the Exchange regarding a press release dated May 21, 2026, titled "Successful completion of technical trial against RFP of Indian Army 100 Km Range at Pokhran & Joshimath (Malari) Uttarakhand.".

Government or defence orderBusiness Updates View source PDFExplain this filing

NIBE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+10.7%Reaction day
₹1170.00
prior close
₹1330.70
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+9.6% vs market
Aerospace & Defense peers, median of 24sector+0.9%+9.9% vs sector

On the reaction day the stock moved 9.6 pts more than Nifty Microcap 250 and 9.9 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-0.4
10m
-0.1
15m
-0.3
30m
+1.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+10.7+1.1+9.6+0.9+9.9
Next day
+24.5+1.2+23.3+1.3+23.2
2d
+20.1+2.8+17.3+3.8+16.3
3d
+21.9+3.5+18.4+3.9+18.1
4d
+21.8+3.5+18.3+4.7+17.1
5d
+24.4+2.8+21.5+2.5+21.9
1w
+31.7+2.8+28.9+4.9+26.8
15d
+34.9+4.2+30.7+8.7+26.2
1m
+56.7+10.1+46.6+18.1+38.6
2m
+32.5+10.0+22.5+11.4+21.1
3m
+26.8+14.6+12.2+14.8+12.0
UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NIBE Limited successfully completed technical trials for its Vayu Astra-1 Loitering Munition against an Indian Army Request for Proposal. The trials were conducted at Pokhran (Rajasthan) and Joshimath (Malari), Uttarakhand. Key achievements include: Anti-Personal strike test hitting a target 100 km away with CEP under 1 meter; Anti-Armor night strike with 2-meter CEP and demonstrated control handover to 70 km away station; High-altitude endurance flight exceeding 90 minutes at over 14,000 feet with safe recovery. This is a significant step as the trial was conducted against an official Army RFP, indicating the product is being considered for procurement.

Likely market impact

Successful trial completion against Indian Army RFP positions NIBE for potential defence contract award, which could be material if converted to an order. This enhances the company's credibility in the defence sector and advances their loitering munition product toward actual procurement.