New Delhi, June 17 -- Multibagger small-cap defence stock NIBE is expected to attract investor interest in Thursday's trade, June 18, after the company showcased Garudastra, a 120mm vehicle-mounted mortar and bomb system, to the Indian Army.

NIBE, in technical collaboration with a foreign OEM, successfully demonstrated the capabilities of Garudastra, its advanced long-range 120mm vehicle-mounted mortar and bomb system, on an NC-NC basis, the company said in a regulatory filing.

"The demonstration showcased rapid shoot-and-scoot operations, a high rate of fire, Multiple Rounds Simultaneous Impact (MRSI), and precision engagement using guided munitions with GPS and laser guidance. The demonstration was conducted at the Infantry School, Mh...