52-Week High Alert: Aerospace & Defence Company Receives Order Worth Rs 94.45 Crore from BrahMos Aerospace Pvt Ltd

On Friday, shares of Jaykay Enterprises Ltd jumped 11.74 per cent to an intraday high of Rs 206 per share from its previous closing of Rs 184.35 per share with a spurt in volume by 6 times on BSE. The stock also made a 52-week high of Rs 206 per share and its 52-week low is Rs 81.25 per share.

JayKay Enterprises Ltd. (JKE) has announced that its step-down subsidiary, Allen Reinforced Plastics Limited, has secured a definitive order from BrahMos Aerospace Private Limited for the manufacture of composite parts. This contract, valued at approximately Rs. 94.45 crore (including GST), solidifies a previously announced letter of intent. The order is a significant development for JKE, leveraging its strong presence in the Defence, Aerospace, Digital and Advanced Systems sectors.

The manufacturing of these composite parts is for a domestic entity, BrahMos Aerospace, which is a joint venture between India's DRDO and Russia's NPO Mashinostroyeniya. The company's press release mentions that the order is to be executed as per the terms and conditions specified in the contract. This new order highlights JKE's role as a key supplier in India's defence and aerospace supply chain, strengthening its position in a growing sector.

About the Company

JayKay Enterprises Ltd. (JKE) is a leading diversified company with a strong portfolio in defence, aerospace, digital and advanced systems. Through its divisions and subsidiaries, JKE is committed to delivering industry-leading solutions, driving innovation and contributing to India’s strategic industrial base.

In FY25, the company reported net sales of Rs 81 crore and net profit of Rs 7 crore. The company has a market cap of over Rs 2,500 crore. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 81.25 per share.

Disclaimer: The article is for informational purposes only and not investment advice.