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What is Elara Securities Initiating Coverage On Solar Industries India about?

Solar Industries India (SOIL) is positioned for significant growth in the defense, explosives, and mining sectors, with a target price of INR 15,450 and a Buy rating. The company anticipates a revenue CAGR of 25% and an earnings CAGR of 28% from FY25 to FY28, driven by a surge in defense revenue and international expansion. Key investments include an INR 22bn capex plan and a major defense project with the Government of Maharashtra, which will further enhance its capabilities in advanced ammunition and UAV

Author

finngobybishal

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EN