India's NIBE jumps on defense pact with Elbit Systems

About this update from Nibe Industrier Ab Class B

** Shares of NIBE NSE:NIBE jump 4% to 1,7127.8 rupees, eyes a 4-day rally** NIBE, engaged in fabricating and machining of defence components, enters a technology collaboration agreement with Israel-based Elbit Systems** Partnership will enable the manufacturing and supply of a defense system ** Stock up ~8.7% since listing on Feb 2025

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