Solar Industries India rises on planning to make strategic investment in Rajasthan Explosives and Chemicals
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Solar Industries India is currently trading at Rs. 2797.20, up by 4.05 points or 0.14% from its previous closing of Rs. 2793.15 on the BSE.
The scrip opened at Rs. 2793.15 and has touched a high and low of Rs. 2827.05 and Rs. 2758.90 respectively. So far 877 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3191.55 on 06-Apr-2022 and a 52 week low of Rs. 1545.95 on 21-Jun-2021.
Last one week high and low of the scrip stood at Rs. 2840.95 and Rs. 2580.00 respectively. The current market cap of the company is Rs. 25444.90 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 21.44% and 5.41% respectively.
Solar Industries India has planned to do a strategic investment along with its Subsidiaries in Rajasthan Explosives and Chemicals, for the expansion of its manufacturing footprints in north India and has signed a non-binding term sheet in this regards. Rajasthan Explosives and Chemicals has its registered office in Delhi and its manufacturing facility is at Dholpur (Rajasthan).
Solar Industries is one of the largest manufacturers and suppliers of Explosives and Explosive Accessories in India covering the entire range of products such as Bulk and Cartridge Explosives, Detonators, Detonating Cords, Pentaerythritol Tetranitrate (PETN), and Cast Boosters.
