BUZZ — India's NIBE gains on pact with France's Naval Group

* Shares of India's NIBE rise 7.3% to 1,381.50 rupees * Stock on track for its biggest intraday percentage gain in three months * Defence manufacturing firm says it signed MoU with France's Naval Group to cooperate on naval technologies and defence platforms * Adds partnership covers underwater drones, mine countermeasure systems, submarine systems and technologies, and naval weapon launching systems * More than 161,597 shares change hands, about 2.6x the 30-day average volume - LSEG compiled data * Stock up 24.4% YTD (Reporting by Kashish Tandon in Bengaluru) ((Kashish.tandon@thomsonreuters.com)