Defence stock in focus after it receives ₹1,400 Cr supply order from an international client

Synopsis: Large cap stock gained attention after it received an order worth Rs. 1,400 crore, for supply of Defence stocks.

The shares of one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components, which find applications in the mining, infrastructure, defence and other industries were in focus after receiving work orders worth Rs. 1,400 Crores.

With a market capitalization of Rs.1,24,840.98 Crore, Solar Industries India Ltd’s share has opened at a price of Rs. 13,918.40 per share, 21 percent away from its 52 week high of Rs. 17,805 per share. The share has given a 42.38 percent return over a period of one year, way better than the market’s average return.

What happened:

The company Solar Industries India Limited and its s