Aerospace Industries, a small-cap stock priced below ₹25, surged by 5% into the upper circuit following the acquisition of a Letter of Intent from a UAE defense firm. Despite its ongoing financial challenges, the stock has demonstrated notable long-term growth, having increased by 604% over the past two years and 4238% over the last five years.
On Wednesday, August 20, Aerpace Industries, a small-cap stock valued under ₹25, hit a 5% upper circuit after securing an order from the United Arab Emirates (UAE).
The multibagger stock earlier today announced the receipt of a Letter of Intent (LoI) from a prominent defence company in the UAE, driving investor interest in the counter.
“On 19th August 2025, Aerpace General Trading LLC, UAE – a subsidiary of Aerpace Industries Limited – received a Letter of Intent from a prominent defence company in the United Arab Emirates,” Aerpace Industries said in a filing with the exchanges today.
The small-cap company said in its communication to the bourses that the UAE defence company has evaluated its advanced defence drone portfolio and expressed strong interest. “Their authorities will be visiting India shortly to witness live demonstrations of the drones developed under our aerShield programme,” it added.
The company further mentioned that, following successful demonstrations and verification of technical abilities, the UAE entity has expressed its intention to move forward with acquiring Aerpace defense drones to meet its defense needs.
However, due to the confidentiality and non-disclosure agreements (NDAs) in place, it has not yet disclosed the name of the UAE-based defence firm.
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