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Bloomberg Quint

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Solar Industries' Market Cap Shot Up Most In Midcaps Post Operation Sindoor — Buy, Sell Or Hold?

  • Solar Industries India Ltd. gained the most in market capitalization among midcaps post Operation Sindoor, adding Rs 27,000 crore in just a month.
  • The company is primarily engaged in the production of explosives used across mining, infrastructure, and construction sectors, with a significant defense-related focus.
  • Solar Industries' order book stands at Rs 17,000 crore, and its stock has delivered 64.11% returns year-to-date, supported by a strong performance in the March quarter.
  • Brokerages are bullish on Solar Industries, with majority analysts recommending a buy, although some caution that the stock may already be priced optimistically.

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