India's Solar Industries hits record high on $55 mln order win

Solar Industries India

11/03/2024 09:07

** Shares of Solar Industries India  SLIN.NS  up as much as 7.6%
to an all-time high of 8,086 rupees; last up 2.5%
    ** Industrial explosives manufacturer receives export orders
worth 4.55 bln rupees ($55 mln) for supply of products for
defence-based application
    ** ** About 458,000 shares change hands as of 2:36 p.m. IST,
3.8x the 30-day avg - LSEG data
    ** Avg rating of six analysts equivalent of "buy", median PT
is 7,056 rupees - LSEG data
    ** Including session's moves, stock is 14.5% this year,
smaller than its 53.4% rise in 2023



($1 = 82.7050 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))