NIBE Shares Hit 5% Upper Circuit Limit for 2nd Straight Day After Major International Defence Order

Shares of NIBE Limited, a key player in India’s defence engineering space, continued their bullish run for the second consecutive session, locking in the 5% upper circuit limit at ₹1,681.90 on the BSE. This surge comes on the heels of a significant international order win from an Israel-based Original Equipment Manufacturer (OEM), valued at ₹150.6 crore.

NIBE’s Order Boosts Global Credibility

The newly bagged contract involves the manufacturing and supply of Universal Rocket Launchers a state-of-the-art system with a range of up to 300 kilometres. Notably, this will be the first time such a high-performance launcher is being produced in India for international deployment.

This marks a major milestone not just for NIBE, but also for India's broader ambition under the ‘Atmanirbhar Bharat’ and ‘Make in India’ programmes. NIBE has called the order a “landmark achievement”, emphasising its role in transforming India into a global hub for advanced defence technology.

NIBE’s Share Price Performance

Here’s a quick look at NIBE’s stock performance at 10:15 AM on the BSE on May 27, 2025:

• Current Price: ₹1,665.00 (+3.94%).
• Previous Close: ₹1,601.85.
• Day’s High/Low: ₹1,681.90 / ₹1,640.55.
• 52-Week High/Low: ₹2,245.40 / ₹753.05.
• Market Cap: ₹2,378.73 crore (Full).
• PE Ratio: 74.83.
• ROE: 14.92%.

With a turnover of ₹12.86 crore and trading volume nearly double the two-week average, the stock is clearly in sharp investor focus.

NIBE’s International Defence Deal a Game-Changer for India

The deal positions NIBE as a serious global player in the defence tech landscape. Beyond the financial impact, this development:

• Enhances India's export potential in defence manufacturing.
• Builds NIBE’s credibility as a partner to international defence firms.
• Supports innovation in indigenous military systems, aligning with national defence goals.

Read More: Defence Sector ETFs Surge: Top Funds Deliver Above 18% Returns in May.

Conclusion

NIBE Limited’s recent international order win marks a pivotal moment for the company and India’s defence sector. The deal not only underscores NIBE’s growing stature as a global defence technology player but also reinforces India’s commitment to self-reliance and innovation in advanced military systems.

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