New Delhi, Sept. 14 -- A defence stock that has delivered strong multibagger returns could be set for a fresh uptrend following its announcement of an acquisition of a South African firm. The company- Solar Industries India- which manufactures industrial explosives and initiating systems, for mining, infrastructure, construction, defence and space sectors, on 14 September said its wholly-owned step-down subsidiary -Solar SA Investments Proprietary Limited- will acquire all outstanding shares of Omnia Holdings Limited- an international diversified group providing innovative products, solutions and specialised services to the mining and agriculture sectors.

"Solar SA Investments Proprietary Limited and Omnia Holdings Limited announced the ...