Rs 1,832 Crore Order Book and FIIs & DIIs Increase Stake: Multibagger Defence Stock Zooms 7 Per Cent with Healthy Volume

The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 217.05 per share.

On Friday, shares of Mishra Dhatu Nigam Limited (MIDHANI) zoomed 7 per cent to Rs 422.90 per share with an intraday high of Rs 446 per share and an intraday low of Rs 412.05 per share from its previous closing of Rs 414.05 per share. The stock’s 52-week high is Rs 541 per share and its 52-week low is Rs 217.05 per share. The shares saw a healthy volume.

Mishra Dhatu Nigam Ltd (MIDHANI), a 1973-established Ministry of Defence enterprise, is India's sole producer of titanium alloys and a key manufacturer of superalloys and special steels. It supplies critical materials for defence, energy, space, and aeronautics, including ultra-high-strength steel and armour-grade plates. MIDHANI's focus on R&D, new facilities, and advanced technologies reinforces its commitment to self-reliance in strategic material production.

Mishra Dhatu Nigam Limited (MIDHANI) reported its financial performance for the fiscal year 2024-25, achieving sales of Rs 1,070 crore, slightly down from Rs 1,072.67 crore in the previous year. Notably, the company recorded its highest-ever exports at Rs 94 crore, a significant increase from Rs 63.72 crore in the prior year. This growth in exports underscores MIDHANI's expanding global footprint and strategic focus on international markets.

The company's market capitalisation stands at over Rs 8,000 crore and as of March 31, 2025, the order book stands at Rs 1,832 crore. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 217.05 per share. In March 2025, FIIs and DIIs increased their stake to 1.65 per cent and 8.79 per cent, respectively in March 2025 compared to December 2024.

Disclaimer: The article is for informational purposes only and not investment advice.