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Motilal Oswal initiates Buy on Solar Industries, sees 24% upside. 4 reasons why

Posted on September 22, 2026
By Business News Today
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Motilal Oswal initiates Buy on Solar Industries, sees 24% upside. 4 reasons why

Motilal Oswal has initiated coverage on Solar Industries with a Buy rating and a target price of Rs 23,000, citing strong growth prospects across explosives and defence. The brokerage expects revenue and profit to grow at 43% and 34% CAGR, respectively, through FY30.