Solar Ind snaps 5-day losing streak,MOFSL's BUY rating

Solar Ind snaps 5-day losing streak

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Solar Industries India (SOIL) share price moved higher by 4 per cent to ₹19,370 on the National Stock Exchange (NSE) in Monday’s intra-day deals snapping its five-day losing streak. In the past week, the stock price of the explosives company fell 17 per cent. It declined 18 per cent from its all-time high of ₹22,700 touched on September 15, 2026. At 02:14 PM, SOIL quoted 3.9 per cent higher at ₹19,280, compared to a 0.50 per cent rise in the Nifty 50. Meanwhile, thus far in the calendar year 2026, SOIL outperformed the market by soaring 59 per cent, against a 3.7 per cent rise in the Nifty Next 50 index. MOFSL initiates coverage on Solar Industries SOIL is a leader in the domestic explosive market and has established a strong presence in international markets for industrial explosives. Its recent acquisition of Omnia Holdings bolsters its position in South Africa and neighboring markets and provides strong support for the backward integration of ammonium nitrate, believe analysts at Motilal Oswal Financial Services (MOFSL). The brokerage notes that SOIL has also transitioned from being a supplier of explosive materials to becoming an integrated defence manufacturer. The progression from high-melting explosives (HMX) to ammunition, rockets, and counter-drone systems reflects its deliberate strategy of moving up the defence value chain. Successful trials and commissioning of Nagastra, Rudrastra and Bhargavastra would further diversify the company’s revenue stream beyond Pinaka and HMX. All this is for information This is not a buy/sell recommendation. Thank you, Technofunda24