Shares of Jaykay Enterprises Ltd extended their winning streak on Thursday, September 18, jumping nearly 8% to ₹198.85, after surging over 14% a day earlier, taking the two-day rally to more than 22%.
The rally came after the company announced through a BSE filing that its step-down subsidiary, Allen Reinforced Plastics Ltd, secured a major order worth ₹94.45 crore from BrahMos Aerospace Private Limited, a government-owned entity.
Order details
BrahMos Aerospace had earlier issued a Letter of Intent (LOI) on August 11, 2025, which was converted into a definite order on September 18. The order pertains to the manufacture of composite parts, reinforcing Jaykay Enterprises’ footprint in the aerospace and defence manufacturing segment.
The company stated:
“Allen Reinforced Plastics Limited (formerly Allen Reinforced Plastics Private Limited), a step-down subsidiary of Jaykay Enterprises Limited, has received an Order from BrahMos for manufacture of Composite Parts.”
Market reaction
Investors cheered the development, sending Jaykay Enterprises’ shares sharply higher. At ₹198.85, the stock is trading close to its yearly highs, supported by strong volumes and momentum following the defence-linked order win.