Solar Industries India rises on $120 mln order

Solar Industries India

08/01/2024 08:16

** Shares of Solar Industries India  SLIN.NS  rise as much
as 2% to 6,838 rupees before paring some gains to trade up 0.8%
at 1:37 p.m. IST
    ** Industrial explosives manufacturer receives export orders
worth 9.94 bln rupees ($119.65 mln) for supply of products for
defence-based application
    ** Share price above 50-day, 100-day and 200-day simple
moving averages since Aug. 9
    ** Trading vol 0.7x the 30-day daily avg
    ** Avg rating of six analysts equivalent of "buy", median PT
is 5,920 rupees - LSEG data
    ** Stock rose ~40% in December qtr, biggest quarterly gain
since Sept. 2022


($1 = 83.0747 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))