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Midhani zooms 82% in 7 days post signing of 2 pacts in Defexpo India 2018

The stock was locked in upper circuit for the second straight day, rising by 10% to Rs 169 on the BSE after the company said it has signed two pacts in DefExpo India-2018.

DefExpo, defence exhibition
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A Bhishma battle tank being uploaded on a trailer truck ahead of three-day DefExpo2018 on the outskirts of Chennai | PTI Photo

SI Reporter Mumbai
Shares of Mishra Dhatu Nigam (Midhani) are locked in upper circuit of 10% for the second straight day, rising to Rs 169 per share on the BSE after the company said  it has signed two pacts in Defexpo India-2018.

“The company has participated in the recently concluded Defexpo India- 2018 and entered into two non-binding memorandum of understanding (MoU) which are confidential in nature,” Midhani said in clarification with reference to increase in price on Wednesday after market hours.

The stock has zoom 82% in past five trading sessions from Rs 93 on April 12, 2018, as compared to