Defence stock jumps 5% after collaborating with Israel firm for Universal Rocket Launcher (SURYA)Defence stock jumps 5% after collaborating with Israel firm for Universal Rocket Launcher (SURYA)

Introduction:

Leading defence manufacturer has entered into a strategic technology collaboration with an Israeli firm to produce the advanced SURYA Universal Rocket Launcher, featuring 300 km range and autonomous operation for enhanced mission efficiency and precision.

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Share price movement of NIBE:

On July 28, 2025, NIBE Ltd opened at ₹1,698.95, up 2.3% from its previous close of ₹1,661.05. The stock reached a high of ₹1,797.00 (8.2%) and a low of ₹1,670.00. By 3:31 PM, it traded at ₹1,748.20, a 5.25% increase, with a market cap of ₹2,499.33 crore.

NIBE Limited Partners with Elbit for SURYA:

NIBE Limited has signed a technology collaboration agreement with Israel’s Elbit Systems to manufacture and supply the Universal Rocket Launcher (SURYA), an advanced system with a strike range of up to 300 km.

This marks the first time such high-end rocket launcher technology will be produced in India. The SURYA system supports multiple rocket and missile types using a modular Launch Pod Container (LPC) design, ensuring broad compatibility.

The SURYA launcher is fully autonomous. It is equipped with onboard navigation and mission systems for rapid deployment. Its dual LPCs make mission readiness by reducing reload times and increasing operational efficiency in artillery operations.

Recent news on NIBE:

As of May 30, 2025, NIBE Ltd signed a Licensing Agreement for Transfer of Technology with DRDO to produce the Pinaka Multi Barrel Rocket Launcher and Battery Command Post systems.

Stock performance of NIBE for Period of 1 week, 6 months, and 1 year:

NIBE Ltd delivered a 1.64% return over the past week. It gained 26.1% in the past six months. The stock declined by 15.9% over the past year.

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Shareholding pattern of NIBE:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	53.70%	53.70%	53.10%
FII	7.80%	8.60%	8.70%
DII	0.60%	0.50%	0.50%
Public	37.90%	37.10%	38%

About NIBE:

NIBE Limited (NSE: NIBE) is a leading Indian defence technology company focused on developing and manufacturing advanced systems, promoting innovation, self-reliance, and global collaboration to strengthen India’s defence capabilities and export potential.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.