196% Rise in 1 Year: Why stock of large-cap firm that manufactures explosives for Indian defence forces is hitting all-time high

Solar Industries soars to all-time high, bse, nse share price: Solar Industries soars to all-time high on BSE on Tuesday as the leading explosive manufacturer in India is gaining strength from many of its Make in India initiatives of late.

The stock of the company that manufactures explosives for Indian defence forces soared by 10.82 per cent to hit an all-time high of Rs 11,192.10 on Tuesday after closing at Rs 10,098.95 a day ago. 

The stock that opened the trading session at Rs 10,200.05 on Tuesday closed it higher by 9.00 per cent, or Rs 908.70, at Rs 11,007.65. 

The company was in news when Economic Explosives Ltd, its Nagpur-based subsidiary, developed three new explosive formulations last week.

Solar Industries official said: "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 is being hailed as an achievement under the #MakeInIndia initiative! 

Solar Industries share price history

The stock of Solar Industries has soared by 11.61 per cent in the one month, 64.90 per cent in the six-month period, and 195.69 per cent in the one year.

Benchmark Nifty50, meanwhile, has jumped by 3.70 per cent in the month, 11.35 per cent in the six months, and 25.85 per cent in the one-year period.