{"id":108126,"date":"2023-08-25T15:54:25","date_gmt":"2023-08-25T10:24:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108126"},"modified":"2023-08-25T15:57:45","modified_gmt":"2023-08-25T10:27:45","slug":"chemical-stock-jumps-up-to-4-7-after-defence-council-approves-proposal-worth-7800-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-up-to-4-7-after-defence-council-approves-proposal-worth-7800-cr\/","title":{"rendered":"Chemical stock jumps up to 4.7% after Defence council approves proposal worth \u20b9 7800 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-870960931\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This defence stock moved up by 2.5% in the market after a day, the DAC approved a proposal worth Rs. 7800 crore to increase the efficiency of Indian Armed Forces.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2866806130\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share prices of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SOLARINDS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Solar Industries<\/a><\/strong> opened at Rs. Rs. 4,499 levels. It reached its 52- week high of Rs. 4615.5 before the first half on Friday.<\/p><p>On 24th August 2023, the Defence Acquisition Council (DAC) approved the proposal worth Rs. 7,800 crore which was to increase the capabilities and effectiveness of Indian Armed Forces. Under this proposal, the DAC has granted Acceptance of Necessity(AoN) for two major decisions. <\/p><p>To procure and install Electronic Warfare( EW) Suite on Mi- 17 V5 helicopters under buy category and to procure ground- based autonomous systems for armoured regiments and mechanised infantry. Such decisions will be the beginning of upcoming operations such as delivery of logistics, unmanned security surveillance and casual evacuation during war.<\/p><div class=\"trade-content_5\" id=\"trade-4237991065\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;Proposals for procurement of 7.62&#215;51 mm Light Machine Gun (LMG) and Bridge Laying Tank (BLT) have also been given go ahead by the DAC. While induction of LMG will enhance fighting capabilities of infantry forces, the induction of BLT will result in faster movement of mechanised forces,&#8221; the ministry said in a statement on Thursday.<\/p><p>The company\u2019s financial results for Q1FY24 have lower figures compared to the last quarter. The revenue for the June quarter is Rs. 1,628.21 crore, a fall of 12.77% from Rs. 1,928.54 crore in the previous quarter. Its net profit for this quarter stands at Rs. 206.1 crore which is decreased by 4.22% from Rs. 197.41 crore in the previous quarter. However, its net profit margin has increased by 4.72% to 11.99% for this quarter.<\/p><p>Solar Industries India Limited is a manufacturing company with a wide range of industrial explosives and explosive initiating devices and systems. It is a non- government company, established back in the year of 1995.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-335239180\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This defence stock moved up by 2.5% in the market after a day, the DAC approved a proposal worth Rs. 7800 crore to increase the efficiency of Indian Armed Forces. Share prices of Solar Industries opened at Rs. Rs. 4,499 levels. It reached its 52- week high of Rs. 4615.5 before the first half on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11361,11363,11360,948,936,11362],"class_list":["post-108126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-solar-industries-latest-news","tag-solar-industries-latest-order","tag-solar-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-solar-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chemical stock jumps up to 4.7% after Defence council approves proposal worth \u20b9 7800 Cr - 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