India, April 8 -- The shares of this small-cap company majorly engaged in providing design, engineering, and electronics manufacturing services, jumped upto 7 percent after entering into a long-term agreement with HAL, Korwa.

With the market capitalization of Rs. 1134 Crores, the shares of Vinyas Innovative Technologies Ltd reached an intraday high of Rs. 920 per share raising nearly 7 percent from its previous day close of Rs. 863 per share and is trading at a P/E of 52.7 whereas industry P/E stands at 27.6

Reason behind the jump: Vinyas Innovative Technologies Ltd announced a long-term agreement valid for 5 years with HAL Korwa for the supply of electronic systems used in HUD and IFFU applications. This is a meaningful trigger becau...