Shares of DCX Systems Ltd gained nearly 2% on Monday, trading at ₹279.40, up 1.40% from the previous close of ₹275.55. The uptrend follows Friday’s announcement that the company signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to establish a state-of-the-art defence manufacturing facility in Hosur.
Under the agreement, DCX Systems will collaborate with Israel’s ELTA Systems Ltd and its group companies to manufacture advanced defence technologies in India, including airborne maritime radar systems, fire control radar systems, and other radar solutions for both airborne and land applications.
The Tamil Nadu government will provide infrastructural support and regulatory clearances under its Industrial and Aerospace & Defence policies. The project is aligned with the “Make in India” initiative, further strengthening India’s indigenous defence capabilities.
The news significantly boosted investor sentiment. On Friday, DCX shares had already surged 3.29% to close at ₹277.60, with strong buying interest during afternoon trade. Monday’s follow-up gains reflect continued optimism around the company’s expansion in defence manufacturing and potential growth opportunities.
