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 count…
3 growth juggernauts can power 24% surge in Solar Industries shares, says Elara after initiating with Buy
Elara Capital initiated coverage on Solar Industries India Ltd. with a 'Buy' rating, projecting a 24% stock surge due to growth drivers in defense and global expansion. The report highlights vulnerabilities in Solar Industries' supply chain and operational technology (OT) systems, potentially exposing them to cyber threats amid rapid digital transformation.