Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Reduce Solar Industries: target of Rs 924: ICICI Securities

ICICI Securities recommended Reduce rating on Solar Industries with a target price of Rs 924 in its research report dated September 17, 2020.

September 18, 2020 / 04:51 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Securities research report on Solar Industries

Solar Industries’ (SOIL) conference call underlined the strength of the business model; growth opportunities will determine the next phase of investment thesis. Management commentary highlighted: i) Overseas operations – with the desired experience of getting into the big league of mining through presence in South Africa and Australia eventually to reap dividends and ii) defence – where SOIL’s own preparedness meet with government readiness to entertain private sector, thereby, increasing probability of order inflows.

Outlook

ISRO opportunity will be delineated once better clarity emerges. We maintain our REDUCE rating on the stock.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Sep 18, 2020 04:51 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347