Shares of Swan Defence and Heavy Industries Ltd rallied to a day high of Rs 2,950 on NSE on 12 October, up 4.73% from the previous close.

The move followed reports that it is set to win a Rs 1,897 crore order for four oil product tankers.

Valued at Rs 1,897 crore, the contract is for four oil product tankers. These ships carry refined fuels such as petrol and diesel by sea.

The reports did not name the buyer or give a delivery schedule. The order is equal to about 12% of the company’s market value of Rs 15,441.66 crore.

Swan Defence was earlier known as Reliance Naval and Engineering Limited. It works in shipbuilding and defence manufacturing.

In an exchange filing on 8 October, the company said it will meet institutional investors in person from 13 October to 24 October. Management told exchanges that no price-sensitive information that is not yet public would be shared at these meetings. The dates can change if investors or the company need them to.

The rally adds to a big year for the stock. It has also gained 7.74% over the past week and 7.78% over the past month.

Over the past year, the stock has risen 362.12% on NSE, and it is up 101.70% so far in 2026, after hitting a 52-week low of Rs 668 on 13 October 2025. Its 52-week high is also Rs 2,950.

Swan Defense fell to a low of Rs 2,800 after opening at Rs 2,808.90. Most of the gains came late in the session. NSE allows this stock to move 5% either way in a day, which put the upper limit at Rs 2,957.60.

It’s quoted at Rs 2,940 on NSE as per data at 4:00 pm, up by 4.37% from the previous close of Rs 2,816.80. Its official close was Rs 2,931.10, a gain of 4.06%.

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