GENERAL11 Sept 2026
This multibagger SME stock rises 4% to hit a 52-week high after this business update | Do you own? | Stock Market News
Monolithisch India, a small and medium enterprise (SME) stock, rose 4% to a 52-week high of ₹1,505 on the NSE on Friday, 11 September. The company won a quartzite stone block in Bihar's Nawada district for ₹157 crore on a five-year lease. Mining starts around February-March 2027, securing raw material supply. Check the exchange filing before acting on the price move.
Key Statutory Highlights
- Monolithisch India secured a quartzite stone block in Nawada district, Bihar, through an e-auction held by the state's Mines and Geology Department.
- The block is leased for five years at a winning bid of ₹157 crore, with a mining capacity of 7,10,000 MT per annum and commercial operations expected from February or March 2027.
- The SME stock rose 4% to a 52-week high of ₹1,505 on the NSE, and has gained over 190% year-to-date.
Actionable Advice for Taxpayers / Founders:If you hold or are tracking this SME stock, read the company's 10 September exchange filing yourself and treat the price jump as market news, not investment advice. Speak to a registered adviser before you buy or sell.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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