Multibagger stock of Solar Industries that manufactures explosives for Indian defence hits all-time high; has turned Rs 1 lakh into 3.49 lakh in 1 year

Solar Industries share price hits all-time high, nse bse, latest news: Even as Budget 2024 is be to presented on July 23 and the government's focus is on the defence sector, Solar Industries, which manufacturers explosives for Indian defence forces, extended gains on BSE on Thursday (July 11, 2024) and hit an all-time high.

The stock that also hit an all-time high a day ago and closed the session at Rs 12,346.35 rose by 7.72 per cent on Thursday to hit an all-time high of Rs 13,300.00. 

Solar Industries shares that started the session on Thursday at Rs 12,570.05 each closed trading flat at Rs 12,334.85 apiece on Thursday.

Solar Industries shares are in the limelight as the budget date of July 23 is approaching.

With the central government's special focus on the Make in India project and the defence sector, the company's stock has been rising fast for some months.

The company's market capitalisation has also crossed the Rs 1 lakh crore mark and is at Rs 1,11,302.77 crore as of writing.

Solar Industries share price history

The stock of the firm has soared by 29.33 per cent in the one-month period, 67.95 per cent in the six months, and 248.35 per cent in the one-year period.

Benchmark Nifty 50, meanwhile, has jumped by 4.52 per cent in the one month, 12.33 per cent in the six months, and 25.09 per cent in the one year.