Update | April 20, 2026, 17:22 IST

Shares of Aequs ended Monday’s trading session 14.48% higher at ₹195.30 apiece. Th stock touched an all-time high of  ₹201.40 earlier in the day. Its market capitalisation stood at ₹13,279.18 Cr (about $1.4 Bn) at the end of the day.

Original Story | April 20, 2026, 14:05 IST

Shares of contract manufacturing company Aequs surged as much as 13.51% during the intraday trading today, hitting a 52-week high of ₹193.65 on the BSE.

The stock later pared some gains and was trading 11% higher at ₹189.25 at 12:20 IST, with the company’s market capitalisation at ₹12,683.63 Cr (about $1.4 Bn).

In the broader market, the BSE Sensex rose 0.57% to hit an intraday high of 78,942.45, while the Nifty 50 gained 0.49% to touch 24,473.25, supported by strong corporate earnings, dip-buying in key sectors and hopes of renewed US-Iran peace talks.

Aequs saw strong buying over the last five trading sessions, climbing from ₹125.15 at the close on April 9 to ₹170.60 on April 17 (Friday), marking a gain of about 36.3%. 

Since listing on the NSE and BSE on December 10 last year at ₹140 per share, the stock has gained about 38.3%. It made its debut at a 12.9% premium over its IPO issue price of ₹124, reflecting strong investor demand from the outset.

However, the stock slipped below its IPO price last month amid the decline in the broader market due to the US-Israel and Iran conflict. It touched a 52-week low at ₹113.65 on the BSE on March 16.

Meanwhile, Aequs, in an exchange filing today, said it has made a further investment of ₹10 Cr in its wholly owned subsidiary, Aequs Force Consumer Products Private Limited (AFCPPL), through a rights issue.

The company said the investment is part of the utilisation of IPO proceeds, and the funds will be used to meet the subsidiary’s working capital and operational requirements.

AFCPPL operates in the consumer products and toys manufacturing segment. For FY25, the subsidiary reported a turnover of ₹21.2 Cr and a loss after tax of ₹21.4 Cr.

Aequs is also stepping up investments to build a comprehensive aerospace engine component manufacturing ecosystem in India, with its Hosur facility expected to become operational next year and shipments likely to begin by 2028.

In February, the Aequs Group signed MoUs with the Tamil Nadu government worth ₹4,000 Cr to create a 250-acre aerospace and defence cluster at SIPCOT Shoolagiri in Krishnagiri district. It also signed an MoU with NMB-Minebea India for an investment of ₹1,980 Cr in Tiruvallur district.

The proposed facility will manufacture aircraft engine components, gearbox systems, mechanical systems and precision engineering products. The company expects the project to generate around 7,000 jobs.

On the financial front, Aequs’ consolidated net loss widened 7% to ₹42.7 Cr in the December quarter of FY26 from ₹39.8 Cr a year ago. On a sequential basis, its loss more than doubled from ₹20.6 Cr. However, operating revenue jumped 51% YoY and 16% QoQ to ₹326.2 Cr.

 

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