Bengaluru, July 14 -- The company signed an MoU with CYGR to manufacture advanced drones in India. With rising revenues and profit, the firm is pivoting from textiles to cutting-edge defense and aerospace technologies under the Make in India initiative.

The shares of this micro-cap company hit 2 percent upper circuit in today's trading session after the company signed a Memorandum of Understanding (MoU) to manufacture advanced drone systems in India. With a market capitalization of Rs 32.47 crore, the shares of Euro Asia Exports Ltd were trading at Rs 206.95 per share, increasing around 2 percent as compared to the previous closing price of Rs 202.90 apiece.

The shares of Euro Asia Exports Ltd (RRP Defense Ltd) have seen bullish movemen...