Solar Industries hits all-time high, rallies 6% on stable outlook

The Atmanirbhar Bharat Abhiyan of the GoI, which is aimed at curtailing import dependence and increasing the sourcing of indigenous defence products, also presents large growth opportunities.

Shares of Solar Industries India (SIIL) hit an all-time high of Rs 4,398.70, as they rallied 6 per cent on the BSE in Friday’s intra-day trade on stable outlook. The stock of explosives company surpassed its previous high of Rs 4,269.40 touched on November 11.

The Solar group is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components. It has manufacturing facilities at 29 locations in India, and plants in Nigeria, Zambia, Ghana, South Africa, Turkey and Tanzania (with Indonesia, Thailand and Australia coming up). In fiscal 2010, the group entered the