Apollo Micro Systems shares saw a significant rise. The company secured orders worth Rs 25.12 crores from DRDO and Defence PSUs. This news boosted investor confidence. The defence sector is gaining prominence. Government support and indigenous manufacturing are key factors. Defence stocks are attracting attention. The Indian Air Force will acquire 97 LCA Tejas Mark 1A fighter jets.
Global Market: South Korea’s Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans