India, Sept. 10 -- Sigma Advanced Systems, the India-based aerospace and defence manufacturer, has hit a milestone worth paying attention to. A facility that was still under construction less than a year ago is now shipping actual components and doing so quickly enough that a marquee global aerospace name appears to be taking notice. There's a case to be made that this matters more for what it signals about Sigma's future than for what's happened so far. What comes next is the more interesting part.

Shares of Sigma Advanced Systems Ltd are trading at Rs. 785.00, up 3.96 percent on Thursday. The stock touched the intraday high of Rs. 791.80 after opening at Rs. 791.80 before slipping to a low of Rs. 780.00. The company commands a market ...