Solar Industries stocks in focus as it bags Rs 2,039 crore export order

Solar Industries' share price is likely to remain in the spotlight on December 3, following the receipt of an export order worth Rs 2,039 crore. The order pertains to the supply of defence products over four years, signalling robust demand for the company’s offerings.

Adding to its strong order book, Solar Industries recently issued commercial papers aggregating Rs 50 crore to support its operations.

Strong financial performance

The company reported an impressive 45 per cent YoY rise in its Q2FY25 net profit to Rs 304 crore, underscoring its robust financial health.

Major deals in November

1. November 9, 2024: Received export orders worth Rs 580 crore for defense products, to be delivered over five years.

2. November 5, 2024: Bagged an Rs 887 crore order from Singareni Collieries for explosives and initiating systems, with a two-year delivery timeline.

Stock performance

• 52-week high: Rs 13,300 (July 11, 2024)

• 52-week low: Rs 5,910 (December 5, 2023)
  Currently, the stock trades at a 20.73 per cent discount to its 52-week high but remains 78.38 per cent above its 52-week low, reflecting resilience and growth potential.

Investors will be closely watching Solar Industries’ trajectory as it capitalizes on robust order inflows and expands its foothold in domestic and export markets.