NIBE Industries Hits 10% Upper Circuit After DRDO Technology Transfer Deal Sparks Investor Optimism

Mumbai, June 10, 2025 – Shares of NIBE Ltd entered the upper circuit limit of 10% on Tuesday, surging ₹168.10 to close at ₹1,849.80, amid strong buying interest following a significant development in the defense sector.

This rally has pushed the stock closer to the 52-week high of ₹1851 per share.

Strong Rally After DRDO Technology Transfer

NIBE Industries (NSE: NIBE), a rising star in India’s defence manufacturing sector, saw its shares lock in a 10% upper circuit on Tuesday in response to its announcement of a technology transfer license from DRDO for its Modular Bridging System. This surge pushed the stock to its highest level since late May.

The stock opened at ₹1,730, rallied sharply, and hit the day’s ceiling at ₹1,849.80—just ₹1 short of its 52-week high of ₹1,851.60, recorded on May 29, 2025.

Key Market Data

• Traded Volume: 4.94 lakh shares
• Traded Value: ₹89.59 crore
• Total Market Cap: ₹2,644.58 crore
• Free Float Market Cap: ₹1,214.75 crore
• Adjusted P/E Ratio: 275.43
• Daily Volatility: 3.52%
• Annualised Volatility: 67.25%

The order book showed a buy quantity of 70,249 shares, with no sellers available, indicating strong demand and a locked upper circuit status.

Unprecedented Long-Term Capital Appreciation

NIBE has delivered extraordinary returns over the long term. The stock has appreciated by a staggering 18,700% over the past five years, firmly establishing itself as a multibagger in the aerospace and defense sector. The stock ranged between ₹10 and ₹ 15 a piece around the same time in 2020, making it one of the biggest turnarounds in the industry.

Conclusion

With DRDO’s tech transfer acting as a major growth catalyst, NIBE’s upward trajectory continues. This is backed by investor enthusiasm and strategic momentum. The stock’s placement in the Aerospace and defense sector and its relatively recent listing on February 7, 2025, make it one of the most closely watched counters on the market today.

REF: https://www.nseindia.com/get-quotes/equity?symbol=NIBE

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