3 growth juggernauts can power 24% surge in Solar Industries shares, says Elara after initiating with Buy

March 25, 2026

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.

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