NIBE inches up on successfully testing SURYASTRA Universal Rocket Launcher system
NIBE is currently trading at Rs. 1109.00, up by 1.00 points or 0.09% from its previous closing of Rs. 1108.00 on the BSE.
The scrip opened at Rs. 1129.30 and has touched a high and low of Rs. 1160.30 and Rs. 1,104.45 respectively. So far 6375 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2000.55 on 11-Jun-2025 and a 52 week low of Rs. 810.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,161.00 and Rs. 976.55 respectively. The current market cap of the company is Rs. 1682.39 crore.
The promoters holding in the company stood at 53.39%, while Institutions and Non-Institutions held 9.01% and 37.59% respectively.
NIBE has successfully tested SURYASTRA Universal Rocket Launcher system at ITR, Chandipur, Odisha on May 18 and May 19, 2026. The Rockets achieved the following exceptional precision across all ranges -- 150 Km range - CEP of 1.5 meters and 300 Km range - CEP of 2 meters. The trials have validated SURYASTRA’s long-range precision strike capability and will play a key role in indigenous rocket artillery development by the company.
Earlier, the company had received a purchase order in January 2026 under the Emergency Procurement of Indian Army for the supply of SURYASTRA Universal Rocket Launcher and the Rockets of 150 Km and 300 Km range.
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