Rs 1,622.5 crore order book: This multibagger aerospace & defense company bags massive orders worth Rs 178.54 crore; stock hits 52-week high!
Shares of the company gained more than 60 per cent in the last six months.
Mishra Dhatu Nigam Limited informed in the exchange filing that the company has received an order worth Rs 178.54 crores. The company also informed about its total order book of Rs 1622.5 crore. Mishra Dhatu Nigam Limited (MIDHANI) manufactures a variety of superalloys, titanium and titanium alloys, special-purpose steels, controlled-expansion alloys, soft magnetic alloys, electrical-resistance alloys, molybdenum products, and other special products made as per customer specifications. The company also offers metallurgical testing, evaluation, and consultancy services. Its quality control is recognized by the National Accreditation Board of Laboratories. MIDHANI is under the administrative control of the Ministry of Defence's Department of Defence Production.
Mishra Dhatu Nigam Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, shares of Mishra Dhatu Nigam Limited surged from Rs 170.80 on August 1, 2022, to Rs 337.15 on July 31, 2023, an increase of about 98 per cent in a one-year holding period.
On Monday, the stock opened at Rs 318.60, with a high and low of Rs 345.60 and Rs 316.00. The stock closed trading at Rs 336.80, up by 6.63 per cent.
The stock has a 52-week high of Rs 345.60 and a 52-week low of Rs 167.50. The company has a ROCE of 15.0 per cent and an ROE of 12.6 per cent with a market capitalisation of Rs 6,316 crore.
Disclaimer: The article is for informational purposes only and not investment advice.
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