Aerospace & Defence · SOIL
Industrial Explosives
from 18,400 today
We maintain our BUY rating and revise our target price to INR 21,408, based on a revised valuation multiple of 57x 1HFY29 EPS. We remain positive on Solar Industries given its leadership position in industrial explosives, backward integration, geographical diversification, and rising demand for high energy materials.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
