Announced Tue, 16 Jun · 17:58 IST
NIBE Refutes Allegations on Suryastra Rocket Launcher Defence Contract
Regulatory & Legal 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
+9.0%1-day move
₹1615.00
prior close
₹1619.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+2.2+1.3+0.7+9.0+12.3+13.5+9.0+5.7+1.7+0.4-7.4——
Up moveDown movePending
AI summary
NIBE Limited issued a press release refuting a Bharat Shakti article that labelled its Suryastra 300km rocket launcher as mere 'screwdriver assembly.' The company confirmed a ₹293 crore Indian Army contract (Jan 2026) under the Emergency Procurement framework, successful trials on May 18-19, 2026 at ITR Chandipur with 1.5m and 2.0m CEP accuracy, and its 200-acre Shirdi defence facility. NIBE is sending a legal notice demanding correction.
Likely market impact
Reputational defence move; possible short-term stock volatility. No financial impact disclosed, but legal escalation may draw follow-up coverage.