Stock Market: Keep an eye on this defense stock, got a big order, results also next week:

News Topical, Digital Desk : NIBE, a defense sector company included in the BSE Smallcap Index, has informed about getting an important order on Saturday. In the information sent to the stock market, the company said that it has received a purchase order from a major global tech company based in Israel. The effect of the news can be seen on the stock in the next session. The next week is also very important for the company. The company is going to present its quarterly results next week. The stock closed with a gain of half a percent in Friday's trading.

What is the information about the order?

The company has informed that it has received a purchase order from an Israeli defense company. Under the order, the company has to manufacture and supply universal rocket launchers. According to the company, the range of this launcher will be 300 kilometers. The company has to complete this supply by November 2027. The size of the order is $ 17 million i.e. Rs 150 crore.

Results to come next week The company is going to present its results next week. The company has informed on May 20, 2025 that its board meeting is going to be held on May 27. The board will also consider dividends along with the results in this meeting.

How was the performance of the stock? In Friday's trading, the stock closed at 1525.6 with a decline of 0.5 percent. The stock had recorded a year's low of 753 in March this year. That is, the stock has increased more than 100 percent from the lowest level. However, in July last year, the stock also reached the level of 2245.