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Business Standard
9 hours ago
- Business
- Business Standard
Microcap aerospace & defence stock zooms 36% in 2 days; here's why
Share price of Sika Interplant Systems today: Shares of Sika Interplant Systems (SIKA) zoomed 20 per cent to hit a new high of ₹1,125.3 on the BSE in Wednesday's intra-day trade amid heavy volumes. In the past two trading days, the stock price of the microcap company engaged in aerospace and defence business has surged 36 per cent. At 12:27 PM, SIKA was quoting 18 per cent higher at ₹1,109.30, as compared to a 0.24 per cent rise in the BSE Sensex. The average trading volumes on the counter jumped over fivefold, with 375,000 shares changing hands on the BSE, the exchange data shows. The company's market capitalisation stood at ₹2,345 crore. License agreement with Collins SIKA on Tuesday, June 3, 2025, informed that the company has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace (Collins). Under this agreement, SIKA will be licensed to undertake maintenance, repair and overhaul (MRO) of specific primary flight control actuation part numbers (components) for which Collins is the original equipment manufacturer (OEM). These Components are standard installations on all Airbus A320/A321 series aircraft. The company said as per the License Agreement, SIKA is authorised to service Components from aircraft registered in India and select neighbouring countries as defined in the agreement. This collaboration aligns with SIKA's strategic objective of expanding its MRO capabilities to better serve aviation and aerospace customers in India and the region, the company said. Industry structure and development India's geopolitical scenario and compulsions, real or perceived, are continuing to drive the development of its A&D industry. The stand-offs seen in recent years on the Indo-China border have renewed the urgency to build capability and capacity for India's defence industry. The geopolitical situation in South Asia and the Indian Ocean region, as well as the wider theatre of Southeast Asia and the South China Sea, has important implications for the defence sector, SIKA said in its FY24 annual report. The last decade has seen India emerge as one of the most attractive A&D markets in the world, given the Ministry of Defence's (MoD) continued emphasis on modernisation of the armed forces, which is expected to result in capital expenditure of about USD 250 billion over the next 10 years. There is a broad acknowledgement that while the man behind the machine remains motivated, some machines being manned need an upgrade. Opportunities The country's Defence expenditure has been punctuated by big-ticket deals and modernisation programs, the latter in response to the urgent need to enhance the deterrent and operational capabilities of the armed forces through upgradation/modernisation of existing equipment, as well as additional acquisitions of 'state of the art' equipment. The large scale of the market provides a significant opportunity for foreign original equipment manufacturers (OEMs), Indian industries and SMEs. The need for a self-reliant Defence sector and a sharp focus on minimising dependence on imports is seeing the continued opening up of the sector for private participation, SIKA said in its annual report. About Sika Interplant Systems Limited (SIKA) SIKA is actively involved in four main areas, namely, engineering (design and development); manufacturing, assembly and testing; projects and systems integration; and maintenance, repair and overhaul (MRO). Additionally, the Company's in-house capabilities in technology development and production are complemented by tie-ups with international partners. The majority of the Company's business is catered to serving the Aerospace, Defence & Space (AD&S) and Automotive sectors. In recent years, SIKA has been focused on building advanced facilities to expand its operational base to keep pace with the fast-paced development of the AD&S sector in India, and SIKA is well-positioned to meet the requirements of both potential international partners and domestic projects. Within the automotive sector, the company continues to undertake projects to supply critical capital equipment to a significant number of the major automobile manufacturers across the country.
Otago Daily Times
a day ago
- Business
- Otago Daily Times
Dunedin-Auckland flights boost welcomed
A boost in seats to flights between Auckland and Dunedin will help stimulate spending across the city in time for key events, an industry leader says. Air New Zealand announced yesterday its Auckland-Dunedin route was among three southern connections that would receive a boost in capacity later this year. Between June 28 and October 25, select services across the three routes would operate using the larger Airbus A321, adding more seats to the network at a time of strong seasonal demand, it said. A total of 46 existing flights on the Auckland-Dunedin route would be upgauged from the Airbus A320 to the A321, adding a total of 2100 new seats. This would support key student movement dates and special events, including the All Blacks' game in Dunedin in July and the Big Sing finale in August. The Auckland-Christchurch and Auckland-Queenstown routes comparatively would receive a combined total of 570 upgauged flights — or approximately 34,000 new seats. Chief commercial officer Jeremy O'Brien said the airline was thrilled to be able to connect more customers over the winter season. "Whether they're heading back to university, to a special event, or to the slopes this winter, these seats will mean more choice and opportunity to fly and more flexibility to plan travel around the moments that matter," Mr O'Brien said. "This isn't just about adding flights, it's about supporting our regions." Business South chief executive Mike Collins said the changes were "definitely positive". "We've been advocating to Air New Zealand on behalf of business for additional capacity, so any additional seating that is going to provide some more volume to the business community is something we've seen as favourable." Aligning the boost in capacity with key events would be advantageous to businesses in the city as it would stimulate spending on accommodation and hospitality. He was surprised Air New Zealand had made a change in the short term, but he believed it was a sign the airline was listening to and monitoring the demand for services in the region, Mr Collins said. "There's a lot of investment going on in Dunedin at the moment and a lot of activity. "So if that's flowing through to contractors coming into town and on flights and a lot more passenger travel between Dunedin and Auckland, that wouldn't surprise me, because there is quite a lot of activity going on in the city ... from an investment perspective."
Business Standard
a day ago
- Business
- Business Standard
Sika Interplant Systems soars after signing license agreement with Collins Aerospace
Sika Interplant Systems surged 14.35% after the company announced that it has entered into a license agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems (UK), each a part of Collins Aerospace. Under this agreement, SIKA will be licensed to undertake maintenance, repair and overhaul (MRO) of specific primary flight control actuation part numbers for which Collins is the original equipment manufacturer (OEM). These components are standard installations on all Airbus A320/A321 series aircraft. As per the License Agreement, SIKA is authorised to service components from aircraft registered in India and select neighbouring countries as defined in the agreement. "This collaboration aligns with SIKAs strategic objective of expanding its MRO capabilities to better serve aviation and aerospace customers in India and the region, the company said in a statement. Sika Interplant Systems' core business areas include projects & systems integration, manufacturing solutions, and maintenance, repair, and overhaul (MRO). It is also a qualified Indian Offset Partner with a license for defense production from the Government of India. It offers advanced products and solutions to the aerospace & defense sector.
Business Standard
2 days ago
- Business
- Business Standard
SIKA Interplant Systems enters into license agreement with Collins Aerospace
To undertake MRO for primary flight controls of Airbus A320/A321 series aircraftSIKA Interplant Systems (SIKA) has entered into a License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), each a part of Collins Aerospace (Collins).Under this agreement, SIKA will be licensed to undertake maintenance, repair and overhaul (MRO) of specific primary flight control actuation part numbers (the Components) for which Collins is the original equipment manufacturer (OEM). These Components are standard installations on all Airbus A320/A321 series aircraft. As per the License Agreement, SIKA is authorised to service Components from aircraft registered in India and select neighbouring countries as defined in the by Capital Market - Live News
Business Upturn
2 days ago
- Business
- Business Upturn
Sika Interplant Systems shares surge 12% following license agreement with Collins Aerospace
By Aman Shukla Published on June 3, 2025, 09:42 IST Sika Interplant Systems (SIKA) shares soared 12% following the announcement of a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), both part of Collins Aerospace. As of 9:41 AM, the shares were trading 11.20% higter at Rs 918.05. Under this strategic agreement, SIKA gains the license to perform maintenance, repair, and overhaul (MRO) of specific primary flight control actuation components manufactured by Collins Aerospace. These critical components are standard installations on all Airbus A320 and A321 series aircraft, widely used in commercial aviation. The License Agreement authorizes SIKA to service these components for aircraft registered in India and select neighboring countries, strengthening SIKA's regional footprint in aerospace MRO services. This collaboration supports SIKA's growth strategy to expand its MRO capabilities and offer enhanced support to aviation customers across India and the surrounding region. Market analysts view this partnership as a positive move for SIKA, positioning the company to capture a larger share of the aerospace MRO market amid growing demand for cost-effective aircraft maintenance solutions. Sika Interplant Systems continues to build on its reputation as a trusted aerospace service provider, leveraging this collaboration to deliver high-quality maintenance solutions aligned with global OEM standards. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
