New Delhi, Sept. 30 -- Defence stock Solar Industries share price jumped over 6% in intra-day deals on Wednesday, September 30, after the company announced the incorporation of a new subsidiary in the Republic of Botswana.

"...this is to inform that Solar Overseas Mauritius Limited a Wholly Owned Subsidiary Company, of the Company, has incorporated "Solar Explochem Proprietary Limited" a Subsidiary in Republic of Botswana, on September 29, 2026," it said in an exchange filing.

Solar Industries shares rose as much as 6.2% to its day's high of Rs.19,820. The stock has opened at Rs.19,030 after previously closing at Rs.18,650 (on September 29).

The company's shares had jumped over 60% in 2026 YTD and more than 47% in the past year. The de...