Elara Capital has initiated coverage on Solar Industries with a ‘Buy’ rating and a target price of Rs 15,450, forecasting a 24% upside. The brokerage highlights three key growth drivers: a booming defence portfolio, aggressive global expansion across 90 countries, and a robust Rs 2,200 crore capital expenditure plan.
Lok Sabha approves Finance Bill, tax rules eased
The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill