the company has secured a substantial Purchase Order worth Rs 17.64 Crores for supplying 1 KW HF and SATCOM Equipment, with the contract formalized on November 1, 2023. The esteemed client for this deal is M/s. Cochin Shipyard Limited.

Additionally, another notable Purchase Order, valued at Rs 1.61 Crore, has been received for Automatic Test Equipment (ATE) dedicated to Radar Equipment. This contract was also confirmed on November 1, 2023, with Satish Dhawan Space Centre – SHAR, ISRO, as the client.

The stock gave 50 per cent returns from its 52-week low of Rs 91.60.

The company has a market capitalization of Rs 3,724 crore. The company has been maintaining a healthy dividend payout of 29.8 per cent.

MIDHANI and ISRO have had a fruitful partnership for over 40 years. MIDHANI's materials have been integral to ISRO's space missions since its inception. MIDHANI will continue to support ISRO's ambitious Gaganyaan Mission and other pioneering programs.

This could be the next big theme to watch out for, just like how the defence sector has been booming in recent years.

The shares of the company closed in the upper circuit today, up 3.07 per cent to Rs 1731 per share.