Nibe shares skyrocket after successful trials of Suryastra rockets
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Nibe Limited's shares soared nearly 30% following successful flight tests of the Suryastra rocket system, developed with Elbit Systems. The stock rose from ₹999 to an intraday high of ₹1,409.50, closing at ₹1,290.40. The trials validated the system's long-range capabilities, achieving impressive precision metrics. Analysts attribute the surge to investor optimism regarding India's strategic defense manufacturing under the Make in India initiative.
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