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.