Solar Industries shares surge on ₹2,039 crore export order win

Solar Industries India’s share price saw a 4% rise in early trading on December 3 after the company announced an export order worth ₹2,039 crore. The order involves the supply of defence products over four years, further solidifying its position in the global defence manufacturing market.

At 09:41 AM, Solar Industries was trading at ₹10,982.05 on the Bombay Stock Exchange (BSE), marking a ₹439.65 or 4.17% increase. This has sparked renewed interest among investors eager to buy shares online.

Impressive financial performance and recent orders

The company recently reported a 45%  year-on-year jump in Q2FY25 net profit, reaching ₹304 crore. Its consistent growth trajectory is supported by several major deals.

On November 9, Solar Industries secured ₹580 crore in export orders for defence products, scheduled for delivery over five years.

On November 5, it received an ₹887 crore order from Singareni Collieries Company for SME explosives, LDC explosives, and initiating systems for overburden blasting, to be delivered over two years.

Stock performance analysis

Solar Industries’ shares have shown notable movement this year. The stock reached a 52-week high of ₹13,300 on July 11, 2024, and a low of ₹5,910 on December 5, 2023. Currently, it trades 17.43% below its peak and 85.82% above its low, making it an appealing prospect for investors looking to buy shares online.