** 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)