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Midhani surges 7%; hits new high on pact with Boeing for aerospace parts

Boeing India on Tuesday reportedly announced it would assess and collaborate with Midhani to develop raw materials for standard aerospace parts and components in India.

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Deepak Korgaonkar Mumbai
Shares of Mishra Dhatu Nigam (Midhani) rallied 7 per cent to hit a new high of Rs 258.65 on the BSE in Wednesday’s intra-day trade after reports said that the company will work with Boeing India to develop raw materials for aerospace parts.

The stock of the state-run aerospace & defence company surpassed its previous high of Rs 251.50, which it had touched on October 10, 2022. In the past three months, it has zoomed 55 per cent as compared to a 8 per cent rise in the S&P BSE Sensex.

Boeing India on Tuesday announced it would