Australia's BluGlass jumps on securing contract with Indian government

Bluglass

06/06/2025 01:30

** Shares of BluGlass BLG.AX rise 16.7% to A$0.011

** Stock set for its strongest session since October 22, 2024, if current trends hold

** Semiconductor developer receives first order to provide gallium nitride (GaN) lasers to India's Ministry of Defence

** About 4.6 mln shares change hands vs the 30-day average of 3.8 mln shares

** Stock down 56.3% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))