Sigma Advanced Systems shares rally 5% after securing Rs 973 crore NATO order

What happened: Sigma Advanced Systems shares rallied 5% after the company secured a Rs 973 crore NATO order, per its exchange filing. The order is to be executed over 12 months. Key numbers: Rs 973 crore order value; 12-month execution period; shares up 5%; stock up 336.19% this calendar year; earlier USD 19.7 million (about Rs 174 crore) Why it matters: The company said the order strengthens its position in the artillery ammunition ecosystem and advances in-house manufacturing of advanced 155 mm artillery ammunition, adding Base Bleed Units to its existing shells and fuzes capabilities.

Sigma Advanced Systems shares rallied 5% after the company secured a Rs 973 crore NATO order, per its exchange filing. The order is to be executed over 12 months.

The company said the order strengthens its position in the artillery ammunition ecosystem and advances in-house manufacturing of advanced 155 mm artillery ammunition, adding Base Bleed Units to its existing shells and fuzes capabilities.