Bengaluru, June 10 -- The shares of the prominent defence manufacturer hit 10 percent in today's trading session after securing a technology transfer license from DRDO for the modular bridging system.

With a market capitalization of Rs 2,635.86 crore, the shares of NIBE Ltd were trading at Rs 1,843.70 per share, increasing around 9.85 percent as compared to the previous closing price of Rs 1,678.40 apiece.

The shares of NIBE Ltd have seen positive movement after entering into a Licensing Agreement with the Defence Research and Development Organisation (DRDO), Ministry of Defence, India, for the transfer of technology related to the modular bridging system of various lengths, ranging from 14m to 46m.

Furthermore, the Modular Bridging S...