S H Kelkar & Company Ltd, Jagran Prakashan Ltd, LIC Housing Finance Ltd, Amber Enterprises India Ltd are among the other stocks to see a surge in volumes on BSE today, 09 October 2020.

Solar Industries India Ltd clocked volume of 8626 shares by 10:53 IST on BSE, a 6.81 times surge over two-week average daily volume of 1267 shares. The stock gained 3.96% to Rs.1,111.00. Volumes stood at 548 shares in the last session.

S H Kelkar & Company Ltd clocked volume of 1.19 lakh shares by 10:53 IST on BSE, a 4.34 times surge over two-week average daily volume of 27358 shares. The stock gained 7.02% to Rs.91.45. Volumes stood at 86270 shares in the last session.

Jagran Prakashan Ltd clocked volume of 86603 shares by 10:53 IST on BSE, a 3.69 times surge over two-week average daily volume of 23471 shares. The stock lost 0.27% to Rs.36.50. Volumes stood at 13595 shares in the last session.

LIC Housing Finance Ltd clocked volume of 3.85 lakh shares by 10:53 IST on BSE, a 2.56 times surge over two-week average daily volume of 1.50 lakh shares. The stock gained 9.44% to Rs.313.70. Volumes stood at 2.53 lakh shares in the last session.

Amber Enterprises India Ltd recorded volume of 21816 shares by 10:53 IST on BSE, a 2.33 times surge over two-week average daily volume of 9382 shares. The stock lost 1.36% to Rs.1,926.55. Volumes stood at 7226 shares in the last session.

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Economic Explosives, a wholly-owned subsidiary of Solar Industries India, signed a contract on 1 October 2020 with Ministry of Defense, Government of India. The contract is for supplying 10 lakh pieces of multi-mode hand grenade (MMHG) having an approximate value of Rs 409 crore. The contracted quantity is to be delivered over a period of two years.

Shares of Solar Inds have surged almost 6% in two trading days. The stock is up 42% from its 52-week low of Rs 772.05 reported on 23 March 2020.

Solar Industries India manufactures and exports civilian explosives and detonators. Its consolidated net profit fell 40.4% to Rs 43.97 crore on a 20.8% decline in net sales to Rs 491.14 crore in Q1 June 2020 over Q1 June 2019.

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Solar Industries India has placed commercial paper amounting to Rs 50 crore on 22 September 2020 in favour of ICICI Bank, having maturity date of 21 December 2020.

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Net profit of Solar Industries India declined 40.81% to Rs 42.10 crore in the quarter ended June 2020 as against Rs 71.13 crore during the previous quarter ended June 2019. Sales declined 20.79% to Rs 491.14 crore in the quarter ended June 2020 as against Rs 620.03 crore during the previous quarter ended June 2019.

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