India, Feb. 10 -- A smallcap company who is a manufacturer for communication equipment saw its stock surge soon after the company announced it has successfully validated its dual-band GPS and NavIC-based NTP Time Server for the Indian Armed Forces strengthing its future outlook.

With a market cap of Rs 1,235 Cr, Valiant Communications Ltd saw its stock hit an intraday high of Rs 1099 which is 6 percent higher than the previous close of Rs 1036. The company stock has given a compounded return of 119 percent in the last three years.

News Valiant Communications Ltd successfully validated its dual-band GPS and NavIC-based NTP Time Server for the Indian Armed Forces, demonstrating strong resistance to jamming and spoofing. The system maintai...