7 KEY REVELATIONS ABOUT THE STOCK THAT SURGED 535% IN 3 YEARS
Published By MintGenie Team | 11 Jan, 2024
Stock Performance
Solar Industries India's shares have surged from ₹1,083 to ₹6,875 in the past three years, yielding a remarkable 535% return.
Credit : PIXABAY
Financial Gains for Shareholders
A ₹1 lakh investment in Solar Industries three years ago would now be valued at ₹6.30 lakh, showcasing an impressive growth trajectory.
Credit : PIXABAY
Consistent Market Outperformance
The stock exhibited substantial gains in 2021 (122%), followed by another notable rally in 2022 (83%) and a 54% gain in 2023.
Credit : PIXABAY
Upward Trajectory Foreseen
Analysts anticipate continued growth driven by substantial export orders, particularly in the defence sector.
Credit : PIXABAY
Business Focus and Presence
Solar Industries is engaged in manufacturing explosives and accessories, catering to sectors like mining, infrastructure, and defence, with a significant international market presence.
Credit : UNSPLASH
Recent Defence Export Orders
The company secured export orders worth ₹9.94 billion in the defence business, marking a significant addition to its order book.
Credit : UNSPLASH
Brokerage Recommendation
Centrum Broking retains a 'buy' recommendation on Solar Industries, setting a target price of ₹7,355 apiece, reflecting a 7% upside from the latest closing price.