📉 Solar Industries Corrects Over 21% — Time to Panic or Prepare?

has dropped sharply from its 52-week high of ₹17,520, now trading at ₹13,807 — a fall of over 21%. But this correction appears more technical than fundamental in nature. Here's a deep dive: 🔍 What’s Happening? Stock ran up over 70% in 2025 — now facing profit booking Valuations were steep: P/E ~97x, P/B ~28x Sector sentiment weak due to solar project delays & global oversupply No negative news from the company — business is still solid 💼 Strong Fundamentals FY25 revenue: ₹7,550 Cr, up 33% YoY Net profit: ₹1,005 Cr, up 24% EPS: ₹55.2, debt/equity: just 0.07 ROCE: 27.5%, ROE: 22.4% Export share: ~40%, strong defense order book 📊 Technical View Trading below 20/50/100 EMA, trend weak RSI at 26.8 → near oversold Breakdown below ₹14,500 & ₹13,550 Next key support: ₹12,250 Reversal only if it closes above ₹14,500 with volume 🎯 Outlook Short-term: May remain weak unless market rebounds Long-term: Still positive; targets ₹16,500–₹18,500 if growth continues 📌 Bottom line: Business is solid. This fall looks like a valuation correction, not a red flag. Long-term investors can keep it on radar near ₹12,250