Shares of Mishra Dhatu Nigam Limited (MIDHANI) rose 2.4% to ₹416 in early trade on Tuesday, September 16, following the company’s announcement that it has secured a fresh order worth ₹136 crore.
In its filing, MIDHANI confirmed that with this addition, the company’s total open order book now stands at approximately ₹1,983 crore.
At the time of writing, MIDHANI’s shares were trading at ₹416 on NSE, up ₹9.75 from the previous close of ₹406.25. The stock has a market capitalization of ₹78.21 billion and a year range between ₹226.93 and ₹469.
The development has strengthened investor sentiment, reflecting continued business momentum for the government-owned alloy maker, which plays a crucial role in the defense and aerospace sectors.
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