India, June 3 -- The shares of this leading equipment manufacturer for automotive, aerospace, etc, jumped by 16 percent after the company announced entering into a licensing agreement with Collins Aerospace.

With a market capitalization of Rs 2,003 crores, the shares of Sika Interplant Systems Ltd are currently trading at Rs 945 per share and hit its 52-week high of Rs 956.90 on Tuesday. Over the last five years, the stock has delivered a multibagger return of 2,622 percent.

On Tuesday, Sika Interplant Systems announced that it formalized a licensing agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), both part of Collins Aerospace. This partnership grants SIKA the rights to conduct comple...