India's NIBE climbs to 11-week high on contract win

About this update from Nibe Industrier Ab Class B

** Shares of India's NIBE NSE:NIBE rise as much as 8.7% to 1,345 rupees, their highest point since October 17** The aerospace and defence firm receives an order worth 2.93 billion rupees ($32.47 million) from the Indian Army** The order will be executed and delivered in tranches within 12 months, says NIBE** Trading volume is 281,694 shares, as of 11:06 a.m. IST vs 30-day avg of 38,605, data compiled by LSEG shows ($1 = 90.2425 Indian rupees)

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