India’s drone making companies have seen surges in their share prices as anticipation rises for increased business following New Delhi’s deployment of unmanned vehicles in the recent fighting with Pakistan.
Shares of suppliers of drones and related technologies — such as Solar Industries, Bharat Dynamics Limited (BDL), Bharat Electronics Limited (BEL), IdeaForge and Astra Microwave — were up between 5% and 46% as of Thursday’s close compared with May 6, the night of which India first launched its military action.
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