Now Reading: MIDHANI shares jump 12% on GE aerospace certification
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MIDHANI shares jump 12% on GE aerospace certification
Mishra Dhatu Nigam (MIDHANI) shares surged 12 per cent to hit a 52-week high on Monday after the company received approval from GE Aerospace as a qualified source for testing and qualifying…
The Story in Brief
Mishra Dhatu Nigam (MIDHANI) shares surged 12 per cent to hit a 52-week high on Monday after the company received approval from GE Aerospace as a qualified source for testing and qualifying metallic materials. The certification positions MIDHANI as a trusted partner to the global aerospace industry, the company said in an exchange filing.
Separately, MIDHANI reported a 27 per cent rise in profit after tax to Rs 16.31 crore for the quarter ended June 2026, compared with Rs 12.80 crore a year ago. Turnover grew 40 per cent to Rs 239.49 crore. The order book stood at Rs 2,329 crore as of July 1.
The Indian Opinion
The jump in MIDHANI shares on a single certification shows how hungry markets are for self-reliance narratives. But one customer approval, even from GE, is not a revenue stream. The real test will be whether this leads to sustained orders and fatter margins. Watch the next quarterly order book figure, that will tell if the hype has legs.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
