Looking to re-emerge on the shipbuilding landscape in India, the stock of loss-making Swan Defence and Heavy Industries (SDHI) has seen a monumental rise of 2,700 per cent in 2025 year to date.

On Wednesday, the shares of the company that went to a 52-week low of ₹35.99 on January 20, this year, were suspended after it hit the 5 per cent upper circuit at ₹1,036.45 per share. The market capitalisation of the company stood at over ₹5,400 crore.

The company on Wednesday approved a proposal to raise ₹1,000 crore through a private placement of debentures. In the second quarter its loss narrowed to ₹20 lakh from the earlier ₹53 lakh in the same period last fiscal.

Deal boost

The shares of the company came into the limelight on November 10 after the company announced that it had signed a Lett

See Full Page