India's Centum Electronics rises on defense agreement with Bharat Electronics

Bharat Electronics

20/08/2025 05:51

** Electronic systems manufacturer Centum Electronics CENT.NS rises 4.95% to 2807 rupees

** Co signs a memorandum of understanding (MoU) with Bharat Electronics BAJE.NS for defense electronic products

** Cos to focus on areas such as electronic warfare systems, radar systems, and secure military communication systems

** CENT says the MoU represents "broad strategic intent" for now and does not have an immediate financial impact

** BAJE down ~1% on the day

** CENT shares up 31% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))