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

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

Business

Economic Times•Mar 25

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

4% to their day’s high of Rs 13,251 on the BSE on Wednesday after domestic brokerage firm Elara Capital initiated coverage with a Buy call, citing that the company is ‘unleashing growth juggernauts’. 2 lakh crore in FY27, along with rising global conflicts and higher defence spending worldwide. “We expect defence revenue to grow at a CAGR of 66% over FY25-28E, with its share in overall revenue rising to 42% by FY28E,” it said in a note.