Solar Industries stock: Tuesday saw Solar Industries stock jump to an all-time high on the BSE as the nation’s top producer of explosives, buoyed by the recent Made in India efforts.
According to Zee Buisness, after closing at Rs 10,098.95 the day before, the company’s shares that produce explosives for the Indian armed forces surged by 10.82% to reach an all-time high of Rs 11,192.10 on Tuesday.
Tuesday’s closing price of the stock, which began trading at Rs 10,200.05, was higher by 9.00%, or Rs 908.70, at Rs 11,007.65.
The company made headlines last week when its affiliate Economic Explosives Ltd., situated in Nagpur, created three new explosive formulas.
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A spokesperson for Solar Industries stated: “The three new explosive formulations can prove to be a game changer for our armed forces due to the sheer enhancement of Firepower & Explosive Effect.” It’s being celebrated as a victory for the #MakeInIndia campaign!
Price history of Solar Industries shares
In a single month, the shares of Solar Industries jumped by 11.61%, over six months by 64.90%, and over a year by 195.69%.
In contrast, the benchmark Nifty50 has increased by 3.70% in a single month, 11.35% during six months, and 25.85% over a year.
