Mumbai, May 22 -- The stock had already rallied 10.06% in the previous session following the announcement.

NIBE shares have surged 34.74% over the past month, although the stock remains down 4.05% over the last one year.

The company said the Vayu Astra-1 successfully completed technical trials against the Indian Army's request for proposal at Pokhran in Rajasthan and Joshimath (Malari) in Uttarakhand, demonstrating a strike range of 100 km.

During anti-personnel strike trials, the loitering munition carrying a 10 kg warhead hit a target 100 km away in a single attempt with a circular error probable (CEP) of less than one metre. The system also demonstrated abort, attack and re-attack capabilities.

NIBE also conducted anti-armor night ...