News for Centum Electronics Limited (CENTUM.BO)

Smallcap stocks rallied this week, with some hitting 52-week highs. Easing food inflation and rising US spending expectations boosted sectors like FMCG and IT. Centum Electronics led the gainers with a 36.8% surge, followed by Sunflag Iron and Steel at 27%.

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The surge in the Nibe shares came after the company announced multiple order wins by its subsidiaries: Nibe share price

Under the terms of the project, Centum Electronics will be providing Intersatellite Link & other Payload Subsystems to DRDO.

Recently, the government relaxed foreign direct investment (FDI) norms for the space sector by allowing 100 per cent FDI in manufacture of components, systems or sub-systems for satellites, ground segments, and user segments. It also permitted 74 per cent FDI in satellite manufacturing and operation as well as satellite data products and 49 per cent in development of launch vehicles and spaceports. Following this, stocks of related companies saw an uptick on the bourses.

More than 500 companies across all sectors will be revealing their third quarter financial results next week.

The smallcap counter has delivered multibagger returns of over 200% in the past 12 months, which is significantly higher than Nifty itself, which has delivered impressive returns of over 23% during this time.

BSE Mid-cap and BSE Small-cap indices outperformed and touched fresh highs in this week.

Indian rupee rose 45 paise to close at 82.65 for the week ended August 25 against its August 18 closing of 83.10.

The benchmark indices gave up early gains to close lower on August 24. About 1,707 shares advanced, 1,784 declined and 163 were unchanged

Centum Electron shares gave 189.03 percent returns over the last six months and 273.51 percent returns over the last 12 months

Space stocks rallied on Thursday after Chandrayaan-3 successfully landed near the south pole of the moon. The NSE Nifty surged 0.60% as of 9.45 a.m. on Thursday. Paras Defence And Space Technologies Ltd. led with the gains of more than 12%, while Centum Electronics Ltd. surged more than 10.30%, Avantel Ltd. jumped 8.20% and MTAR Technologies Ltd. advanced over 1.50%. Out of 51 stocks on the Nifty, 49 advanced and two declined, with Jio Financial Services Ltd. declining the most and hitting a 5% lower circuit.

Aerospace and defense sector stocks surged as Chandrayaan-3 prepared for a lunar surface landing. Centum Electronics, Paras Defence, MTAR Technologies, and Hindustan Aeronautics Ltd witnessed notable gains. The ISRO’s successful landing anticipation boosted market optimism. India’s Moon mission achieved a historic lunar south pole landing, cementing its position among the world’s pioneering lunar explorers.

Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time high today.

For the Nifty, 18,460–18,420 will act as a crucial support zone, with hurdle at 18,600–18,660, says Jatin Gedia of Sharekhan by BNP Paribas

During this week, Indian rupee gained 27 paise to end at 82.30 to a dollar on June 2.

The new trading week opened on green on Monday. NSE and BSE saw significant gains and today experts say that the second day of the trading week is likely to witness some drama , , share market today, stock prices today, Indian share market, national stock exchange, nse nifty, bombay stock exchange, bse sensex, morning update

If the Nifty goes past 17,200, it can rise to 17,450 -17,550. The uptrend, however, will be vulnerable on a fall below t 17,200, analysts have said. The RBI policy meet and global cues will be watched next week

Among broader indices, BSE Largecap ended flat, while Smallcap and Midcap indices outperformed the main indices with a gain of 1.4 and 2 percent