Shares of Nibe Ltd jumped 4.99% on Monday to hit the upper circuit at ₹1,280.40 on the NSE, following a positive regulatory development. The stock opened at ₹1,280.40, which remained its intraday high as well, and surged ₹60.90 from its previous close of ₹1,219.50.
The rally came after the company announced that its wholly owned subsidiary, Nibe Space Private Limited, has received registration from IN-SPACe to operate as a ‘Data Disseminator’ for Earth Observation (EO) data with Ground Sampling Distance (GSD) above 30 cm in India.
The development marks a significant milestone for Nibe Space as it becomes a recognised entity under the national regulatory framework for space-based data services. IN-SPACe is the nodal agency of the Government of India responsible for regulating private sector participation in the country’s space ecosystem.
As per the company, the registration will allow it to distribute Earth Observation data pertaining to Indian territory in compliance with national guidelines. The signing ceremony was held on April 8, 2025, and was attended by Dnyaneshwar Nibe, Director of Nibe Space, and PK Jain, Director at IN-SPACe.
Updated stock snapshot
- Current Price: ₹1,280.40
- Previous Close: ₹1,219.50
- Day Range: ₹1,280.40 – ₹1,280.40
- 52-Week Range: ₹761.50 – ₹1,660.00
- Market Cap: ₹18.31 billion
- P/E Ratio: 58.32
- Avg Volume: 62.21K shares
Nibe Ltd and its subsidiaries manufacture components for India’s defence sector and space programmes, including structural parts for modular bridges, missile launchers, and electronic systems.
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