Bengaluru, July 18 -- This micro-cap defence stock, engaged in the design, development, and manufacturing of advanced defence systems, including drones, command modules, and related aerospace technologies, hit a 2 percent upper circuit after receiving an order worth $30 million from CYGR for drone technology.

With a market capitalization of Rs. 35.13 crores, the shares of Euro Asia Exports Limited hit a 2 percent upper circuit of Rs. 223.90 per share on Friday, up from its previous closing price of Rs. 219.55 per share.

Euro Asia Exports Limited, now operating under the name RRP Defense Limited, has received a strategic Letter of Intent (LOI) from CYGR, a France-based leader in drone technologies. The LOI outlines plans to allocate the ...