Solar Industries share price rose 4 percent in the opening trade on December 3 after the company received export orders worth Rs 2,039 crore.
The order included supply of defence products over a period of four years.
At 09:41am, Solar Industries India was quoting at Rs 10,982.05, up Rs 439.65, or 4.17 percent, on the BSE.
Recently, the company has issued commercial paper aggregating to an amount of Rs 50 crore.
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The company had reported 45 percent jump in its Q2FY25 net profit at Rs 304 crore, YoY.
On November 9, the company received export orders worth Rs 580 crore for supply of Defence Products, to be delivered over a period of 5 years.
Also on November 5, the company received an order worth Rs 887 crore from Singareni Collieries Company for the supply of SME explosives, LDC explosives and initiating systems for blasting of Overburden, to be delivered over a period of two years.
The share touched a 52-week high of Rs 13,300.00 and a 52-week low of Rs 5,910.00 on 11 July, 2024 and 05 December, 2023, respectively.
Currently, the stock is trading 17.43 percent below its 52-week high and 85.82 percent above its 52-week low.
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