Cemtrex shares surge 24.62% intraday after announcing agreement to acquire Invocon, expanding aerospace and defense engineering capabilities.

Cemtrex (CETX) surged 24.62% intraday following the announcement that it has entered into an agreement to acquire Invocon, a provider of aerospace and defense engineering services. This strategic acquisition, disclosed 14 days prior, expands Cemtrex’s capabilities in high-growth sectors and aligns with its recent focus on targeted growth through partnerships and acquisitions. The move builds on prior positive momentum, including new contracts, follow-on orders, and compliance with NASDAQ requirements, reinforcing investor confidence in the company’s FY26 outlook. The stock’s sharp intraday rally reflects optimism over enhanced operational diversification and long-term revenue potential, with analysts previously highlighting Cemtrex’s potential as a multi-bagger.