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Defence stock jumps after it signs MoU with Maha Govt for new defence manufacturing facility

Defence manufacturer will sign an MoU with the Maharashtra Government at the World Economic Forum in Davos to establish a modern manufacturing facility, aligning with India’s “Make in India” initiative.
Defence stock surges following MoU with Maharashtra Govt to establish new defence manufacturing facility.
Defence stock surges following MoU with Maharashtra Govt to establish new defence manufacturing facility.

Introduction:

Leading defence manufacturer is set to sign an MoU with the Maharashtra Government at the World Economic Forum in Davos. The partnership will establish a state-of-the-art defence manufacturing facility, supporting India’s “Make in India” initiative and strengthening national security.

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Share price movement of Tembo Global:

On January 14, 2025, Tembo Global Industries Ltd opened at ₹739.95, slightly up from its previous close of ₹736.10. The stock reached a high of ₹792.71 and a low of ₹618.36. With a market cap of ₹578.73 crore, it traded at ₹738.97 by 4:00 PM.

Tembo Defence Products Signs MoU in Davos:

Tembo Defence Products, a subsidiary of Tembo Global Industries, is set to sign an MoU with the Maharashtra Government at the World Economic Forum in Davos. This partnership aims to build a cutting-edge defence manufacturing facility in the state.

The collaboration aligns with the Government of India’s “Make in India” initiative, which seeks to boost domestic manufacturing and enhance the country’s defence capabilities. The facility will play a crucial role in strengthening India’s self-reliance in defence production.

This strategic partnership reflects the commitment of both Tembo Defence Products and the Government of Maharashtra to enhance national security infrastructure. The MoU marks a significant milestone for India’s defence sector.

Stock performance of Tembo Global for Period of 1 week, 6 months and 1 year:

Over the past week, Tembo Global Industries Ltd has seen a decline of 10%. However, the company has demonstrated impressive growth with a 224% return over the last six months and a 142% return over the past year.

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Shareholding pattern of Tembo Global:

All values in %Sep 2024Jun 2024Mar 2024
Promoter55.40%55.40%55.40%
FII0.70%1.60%1.60%
DII0%0%0.00%
Public43.90%43.00%43.00%
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About Tembo Global:

Tembo Global Industries Ltd. (NSE: TEMBO) is a leading industrial firm specializing in metal components for various systems. Established in 2010, it offers products in construction, defence, and solar power, with certifications from Underwriter’s Laboratory and FM Approval.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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डिफेंस स्टॉक महाराष्ट्र सरकार संग नई रक्षा निर्माण सुविधा के लिए MoU के बाद बढ़ा।

डिफेंस स्टॉक उछला: महाराष्ट्र सरकार संग रक्षा निर्माण सुविधा के लिए MoU साइन।

रक्षा निर्माता दावोस में वर्ल्ड इकोनॉमिक फोरम में महाराष्ट्र सरकार संग MoU साइन करेगा, आधुनिक निर्माण सुविधा स्थापित करेगा, भारत

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