1:5 Stock Split, 28 Dividends Reward: Chemicals Stock Wins 1286 Cr Orders, Shares Rise 849% In 5-Yrs

Mid-cap chemicals sector company Solar Industries India Ltd shares today gained 1.50% on Bombay Stock Exchange (BSE). The current market price of Solar Industries India shares on BSE is Rs 10,039.95 per share. Solar Industries India shares rallied more than 849% in last 5-years and slipped over 7% in last 2-weeks. The company won two back-to-back orders in just 2 days worth Rs 1286 crore. The company's market capitalisation stood at Rs 90,851.56 crore. The company recommended Rs 8.50 per share final dividend and shares traded ex-dividend on July 4, 2024.. The company so far recommended 28 dividends since September 18, 2006. It also split the face value of its shares once in the proportion of 1:5 in the year 2016. Check details below:

Solar Industries India Bags New Order:

According to the BSE filing of Solar Industries India dated November 5, 2024, "we are pleased to inform you that our Company, Solar Industries India Limited has received an order worth Rs. 887 Crores from Singareni Collieries Company Limited on 5/11/2024 for the supply of SME explosives, LDC explosives and initiating systems for blasting of Overburden, to be delivered over a period of two years."

Solar Industries India Bags Order On November 4, 2024:

As per the regulatory filing of Solar Industries India issued as on November 4, 2024, "we are pleased to share that our Company Solar Industries India Limited have received expert orders worth INR 399.4 Crores for Supply of Defence Products, to be delivered over a period of 3 years."

Solar Industries Shares Performance:

The 52-week high price of Solar Industries India shares on BSE stood at Rs 13,300.00 per share and 52-week low price is Rs 5553.65 per share. Solar Industries India shares gained Solar Industries India shares surged 48% year-to-date, rose 80% in last 1-year, rallied 149% in last 2-years, and offered return of 330% in last 3-years.

Solar Industries Stock Split History:

Solar Industries India split/sub-divided the face value once since July 13, 2016. Solar Industries India last sub-divided the face value of its shares from Rs 10 to Rs 2 in 2016.The share quoted ex-split from July 13, 2016.

Shareholding:

FII/FPI reduced holdings from 7.56% to 7.53% in September 2024 quarter. Number of FII/FPI investors increased from 362 to 399 in September 2024 quarter. Mutual Funds have decreased holdings from 12.06% to 11.71% in September 2024 quarter. Number of MF schemes decreased from 28 to 26 in September 2024 quarter.

About:

It manufactures entire range of industrial explosives and explosive initiating devices. Solar Industries is engaged in the manufacturing of several types of packaged emulsion explosives, bulk explosives and explosive initiating systems, among others. It has also made a foray in manufacturing of ammunition for military applications.

Disclaimer:

The stock highlights the order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.