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Mishra Dhatu Nigam extends rally on bagging order worth Rs 6 bn

The stock rallied 8% to Rs 137, extending its 11% gain in past six trading days after the company on Wednesday said that it has finalised an order worth about Rs 6 billion.

SI Reporter  |  Mumbai 

Mishra Dhatu Nigam extends rally on finalising contract worth of Rs 6-bn

of Mishra Dhatu Nigam(MIDHANI) rallied 8% to Rs 137, extending its 11% gain in past six trading days after the company on Wednesday said it has finalised order worth Rs 6 billion.

The contract for the same is expected to be signed shortly, said.

The company had the order book position of Rs 7.04 billion on 1st October 2018.

is one of the leading manufacturers of special steels, superalloys and the only manufacturer of titanium alloys in India. These are high-value products cater to niche end-user segments such as defence space and power. The company was established in the year 1973 with an aim of achieving self-reliance in the research development and supply of critical alloys and products of national security and strategic importance.

At 09:57 am, was trading 6% higher at Rs 135 on BSE, as compared to a 0.17% decline in the S&P BSE The trading volumes on the counter almost doubled with a combined 585,551 equity changed hands on the BSE and NSE so far.

First Published: Mon, December 24 2018. 10:00 IST
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