Big order alert & 52-week high: This multibagger bulk explosives company bags biggest ever worth order Rs 1,853 crore!

The share of the company gained over 35 per cent in the last six months.

Solar Industries Limited informed in the exchange filing that the company have received its biggest-ever order from its prestigious customer Coal India Limited for the supply of Bulk Explosives. The order is worth Rs 1,853 crore.

Solar Industries is one of the world’s leading manufacturers of bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries. SIL also ventured into the defence segment in 2010 and diversified into manufacturing of propellants for missiles and rockets, warheads and warhead explosives.

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In the recent quarter, Q1FY24, on a consolidated basis, the company reported a 10.42 per cent rise in its net profit at Rs 201.69 crore for the quarter ended June 30, 2023, as compared to Rs 182.65 crore for the same quarter in the previous year. The total income of the company increased by 4.12 per cent at Rs 1,682.21 crore for Q1FY24 as compared to Rs 1,615.64 crore for the corresponding quarter previous year.

The company has an order book of Rs 2,678 crore. The stock has delivered multibagger returns of more than 400 per cent in the last five years.

On Monday, the stock opened at Rs 5,359.95, with a high and low of Rs 5,359.95 and Rs 5,198.05. The stock is currently trading at Rs 5,215.00, up by 1.22 per cent over its previous close of Rs 5,152.10. The stock has a 52-week high of Rs 5,359.95 and a 52-week low of Rs 3,456.95.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.