9/2/2025, 9:25:03 pm

Buy Solar Industries; target of Rs 13720: ICICI Securities

ICICI Securities's research report on Solar Industries: Solar Industries' subsidiary, Economic Explosive Limited, has secured a INR 101.4bn contract with the Ministry of Defence to supply munitions for the Pinaka Multiple Launch Rocket System, opening up export markets and potentially triggering a re-rating in the stock, with a BUY recommendation and target price of INR 13,720.