ICICI Direct
FY27 outlook implies strong ~42% revenue growth as defence business enters accelerated growth phase: Solar Industries continues to witness strong momentum in defence business driven by robust execution, product commercialisation and expanding manufacturing capabilities. With defence order backlog remaining strong at ~18,000 crore and FY26 defence revenue growing ~94% YoY to ~2,634 crore, management expects the segment to scale further to ~4,500 crore in FY27. Key growth drivers include increasing execution in Pinaka ammunition, guided...
Solar Industries Ind.. has an average target of 19834.75 from 4 brokers.
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