The Union Budget FY25 prioritized defence improvements and listed 346 items for indigenisation. ICICI Securities recommended investing in Solar Industries, Azad Engineering, Zen Technologies, Astra Microwave, and Dynamatic Technologies. The budget saw substantial increases in aircraft and aero engine allocations while maintaining stable funding for other defence areas.

Defence sector may be back in action, ICICI Securities shares 5 stock picks

Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.

Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others

Benchmark indices Sensex and Nifty hit record highs, with Solar Industries, NBCC, and RVNL emerging as top gainers.

Solar Industries, NBCC and RVNL: Three stocks that outperformed in the week ending June 5

Godrej Agrovet Ltd, Solar Industries India Ltd, Anant Raj Ltd and Globus Spirits Ltd are among the other gainers in the BSE’s ‘A’ group today, 02 July 2024.

JK Paper Ltd leads gainers in ‘A’ group

Shares of Solar Industries India hit a new high of Rs 11,186.20, as they rallied 11 per cent on the BSE in Tuesday’s intra-day trade on healthy business outlook.

This stock has zoomed 200% in 1 year, touched Rs 1 trillion market cap

The rise in drone-related incidents along India’s Northern borders underscores the urgent need for indigenous capabilities in utilising drones and UAVs for combat applications

Army inducts indigenous Nagastra1 kamikaze drones from Solar Industries

Coal India Ltd., Hindustan Aeronautics Ltd., and Solar Industries Ltd. rose to the highest level since their listing.

Stock Market Today: Nifty Records Longest Winning Streak In Nearly One Month

On the NSE, the stock fell as much as 10.67% during the day to Rs 6,150 apiece, the lowest since Dec 1.

Solar Industries Stock Drops As Much As 11% After Explosion At Unit

The blast took place at 9:00 a.m. in a cast booster unit of the Solar Industries in Bazaargaon area.

Nine Killed In Blast At Explosives Manufacturing Factory In Nagpur

Twelve workers were inside the solar company’s unit when the incident occurred, according to officials. The explosion took place at a cast booster plant in the company

Maharashtra: 9 killed, 3 injured in a blast at Solar Industries’ Nagpur factory

The blast took place at 9 am in a cast booster unit of Solar Industries in the Bazaargaon area of Nagpur

Maharashtra: 9 Killed, Several Injured in Blast at Explosives Manufacturing Company in Nagpur - News18

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Solar Industries India Limited is an explosives manufacturing company. The Company manufactures, supplies and exports industrial explosives and initiating systems.