India's Tembo Global jumps after key approval for defence foray

Tembo Global Industries

02/01/2026 06:02

** Shares of Tembo Global Industries TEMB.NS jump by exchange-capped maximum of 5% to 607.75 rupees

** Industrial metal products manufacturer said its unit received defence manufacturing license from Maharashtra state for a small arms plant

** Key approval marks TEMB's foray into Indian defence industry

** Over 1.2 million shares traded, ~13x the 30-day avg volume

** Stock declined ~25% in 2025, after clocking gains in the previous two years

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))