MULTIBAGGER DEFENSE STOCK WITH Rs 17000 CRORE ORDER BOOK FALLS 20% FROM ALL TIME HIGH TO KEEP ON YOUR RADAR

is an India-based manufacturer of industrial explosives for the mining and infrastructure sector. The company offers industrial explosives and defence products. It's share price has slipped 20% from record high in over three months. The defence sector stock, which hit a record high of Rs 17,805 on June 30, 2025 this year was trading at Rs 14,000 in the current session. It has clocked multibagger returns of 162% and 1220% in two and five years, respectively. Moreover, the company has a robust order book exceeding Rs 17,000 crore, majorly constituting defence sector contracts, which contribute nearly 90% of the total order book. The defence sector's transition from policy-driven to execution-led earnings delivery is evident and is well-positioned to capture future opportunities.