Multibagger defence stock: Jaykay Enterprises shares jumped more than 14% on the Indian stock market on Thursday, 18 September 2025, after the company disclosed that one of its step-down subsidiaries, Allen Reinforced Plastics Ltd, won a ₹94.45 crore order from a government-owned entity, according to an exchange filing.
The BSE filing also disclosed that the government-owned entity, BrahMos Aerospace Private Limited (BrahMos), on 11 August 2025, awarded a ‘Letter of Intent’ (LOI) to the subsidiary company looking to materialise a “composite parts” manufacturing order. The LOI was converted into a definite order on Thursday.
“Allen Reinforced Plastics Limited (formerly Allen Reinforced Plastics Private Limited), a step-down subsidiary of Jaykay Enterprises Limited, has received an Order from Brahmos for manufacture of Composite Parts,” the company informed the BSE through a filing.
However, the exchange filing did not disclose the time period which has been determined for the contract, other than that it is as per the terms and conditions specified in the order.
BrahMos Aerospace Private Limited is a joint venture between India’s Defence Research and Development Organisation (DRDO) and Russia’s NPO Mashinostroyenia, which, in collaboration, develops and manufactures the BrahMos supersonic cruise missile system.
Jaykay Enterprises share price trend
Jaykay Enterprises share price closed 14.57% higher at ₹184.35 after Thursday’s stock market session, compared to 160.90 at the previous market close. The shares jumped after the company announced the order book update towards the end of the stock market session on 18 September 2025.
Shares of the defence component maker have given stock market investors more than 8,980% returns on their investment in the last five years and over 100% gains in the last one-year period.
On a year-to-date (YTD) basis, the Jaykay Enterprises stock has jumped 47.54% in 2025, and is up 21.72% in the last one-month period. The shares of the company are trading 16.75% higher in the last five market sessions on the Indian stock market.
Jaykay Enterprises shares hit their 52-week high level at ₹193.05 on Thursday, 18 September 2025, while the 52-week low level was at ₹81.25 on 23 September 2024, according to the data collected from the BSE website.
The company’s market capitalisation stood at ₹2,401.84 crore as of the stock market close on Thursday.
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