Latest news with #SolarIndustriesIndia
Business Upturn
2 days ago
- Business
- Business Upturn
Stocks hitting 52-week highs today, June 4: BSE, Garden Reach, Solar Industries, SBI Cards, Lloyds Metals and more
By Aman Shukla Published on June 4, 2025, 15:44 IST Indian equity markets ended on a positive note on June 4, 2025. The BSE Sensex gained 260.74 points (0.32%) to close at 80,998.25, while the Nifty 50 rose 77.70 points (0.32%) to settle at 24,620.20. Despite the overall rally, only select key stocks managed to touch new 52-week highs, highlighting investor interest in specific sectors and companies. Here's a look at notable stocks that hit fresh 52-week highs today: Company Market Price (₹) Change (%) 52-Week High (₹) Authum Investment & Infrastructure 2,525.00 2.08% 2,530.00 APL Apollo Tubes 1,894.40 4.34% 1,900.00 Solar Industries India 16,809.00 1.14% 16,879.00 SBI Cards And Payment Services 942.05 2.81% 946.50 BSE 2,797.10 1.16% 2,815.00 Fortis Healthcare 738.85 1.26% 744.95 Lloyds Metals & Energy 1,500.00 4.01% 1,515.00 GlaxoSmithKline Pharmaceuticals 3,420.00 5.39% 3,455.90 Hitachi Energy India 19,801.00 1.64% 20,190.00 Radico Khaitan 2,723.40 1.97% 2,786.90 GE Vernova T&D India 2,359.70 0.84% 2,422.00 CCL Products India 889.60 -0.16% 915.00 Bharti Hexacom 1,880.30 -0.37% 1,938.50 Garden Reach Shipbuilders & Engineers 3,356.50 6.54% 3,465.50 AstraZeneca Pharma India 9,493.50 1.68% 10,033.00 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. BSEGarden ReachLloyds MetalsSBI CardsSolar IndustriesStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
2 days ago
- Business
- Mint
SBI Mutual Fund trims stake in Solar Industries India; shares continue their upward march. Details here
Solar Industries India's share price continued its upward march, climbing over one per cent in intraday trade on the BSE on Wednesday, June 4, and appeared set to extend gains for a third consecutive session even as it said SBI Mutual Fund trimmed its stake in it on June 2 through market sale. Solar Industries India's shares opened at ₹ 16,742.95 against their previous close of ₹ 16,626.30 and climbed over a per cent to an intraday high of ₹ 16,800. Around 2:05 PM, the stock traded 1 per cent up at ₹ 16,789.60. Through an exchange filing during market hours on June 4, the company said SBI Mutual Fund sold 20,413 shares of the company on May 30 in the market. Before the disposal of the shares, SBI Mutual Fund, under its various schemes, held 33,75,923 shares, or 3.7307 per cent stake, of the company which stood at 33,55,510 shares, or 3.7082 per cent stake, after the share sale. "We wish to inform you that there has been a change in the shareholding of SBI Mutual Fund under its various schemes, in the company, decreasing by 2 per cent. SBI Mutual Fund, under its various schemes, has sold 20,413 shares of the company on May 30, 2025, representing 0.0226 per cent of the paid-up share capital of the company. The final holding of SBI Mutual Fund at the close of business hours on June 2 was 33,55,510 shares, which is 3.7082 per cent of the paid-up share capital of the company," read a note from SBI Mutual Fund, shared by Solar Industries India through an exchange filing on June 4. Solar Industries India has seen a solid gain of over 90 per cent over the last year, hitting a 52-week high of ₹ 16,814.30 on June 3 this year and a 52-week low of ₹ 7,889.95 on June 4 last year. Year-to-date, the stock has jumped by 70 per cent, while in the last month, it has risen by over 25 per cent. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Business Upturn
3 days ago
- Business
- Business Upturn
Stocks hitting 52-week highs today, June 3: BSE, City Union Bank, Garden Reach, Bharti Hexacom and more
By Aman Shukla Published on June 3, 2025, 16:00 IST Despite broader market weakness on Monday, June 3, several stocks defied the trend and touched their 52-week highs. The Indian stock market ended the day in the red, with both benchmark indices registering losses. The BSE Sensex dropped 636.24 points (0.78%) to close at 80,737.51, while the NSE Nifty 50 fell 174.10 points (0.70%) to end at 24,542.50. Here is a list of notable stocks that hit their 52-week highs today: Company Market Price Change (%) 52-Week High BSE Ltd. ₹2,764.90 +2.66% ₹2,787.80 City Union Bank ₹202.28 +1.83% ₹204.00 Solar Industries India ₹16,619.00 +1.99% ₹16,816.00 Garden Reach Shipbuilders & Engineers ₹3,150.50 +6.22% ₹3,188.70 Radico Khaitan ₹2,670.80 +4.78% ₹2,703.20 GE Vernova T&D India ₹2,340.10 +1.77% ₹2,373.00 Authum Investment & Infrastructure ₹2,473.60 +3.61% ₹2,514.50 Bharti Hexacom ₹1,887.20 +1.98% ₹1,932.00 HDFC Asset Management Company ₹4,789.50 -0.66% ₹4,939.40 Intellect Design Arena ₹1,170.70 -1.85% ₹1,209.70 Deepak Fertilisers & Petrochemicals Corp ₹1,540.10 +4.05% ₹1,594.80 Indian Bank ₹632.40 -2.14% ₹658.50 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bharti HexacomBSECity Union BankGarden ReachStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
3 days ago
- Business
- Business Standard
What's behind Solar Ind stock's 25% surge in 2 weeks? Mcap crosses ₹1.5 trn
Solar Industries India share price today Shares of Solar Industries India hit a new high of ₹16,814.3, up 3 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. The BSE Sensex was trading 0.4 per cent or 347 points lower at 81,026 at 12:34 PM. The stock price of India's largest manufacturer of industrial explosives surpassed its previous high of ₹16,374.30, touched on May 30, 2025. In the past two weeks, the market price of Solar Industries has surged 25 per cent. Further, it has nearly doubled or zoomed 98 per cent from its February low price of ₹8,479.30 on the BSE. A sharp surge in stock price has seen the market capitalisation (market cap) of Solar Industries touch ₹1.5 trillion mark for the frist-ever time. The company's market cap hit ₹1.52 trillion in intra-day trade today. What's driving the rally in Solar Industries? Analysts believe Solar Industries is well positioned to witness healthy growth in the coming period, led by strong sector tailwinds. On Saturday, May 31, 2025, Solar Industries announced that the company received orders worth ₹402 crore from its customer Coal India for supply of Cartridge Explosives & Accessories, to be delivered over a period of two years. Strong Q4 & FY25 results Solar Industries achieved its highest-ever quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) and profit after tax (PAT) at ₹546 crore and ₹371 crore, registering a growth of 47 per cent and 42 per cent year-on-year (YoY) and highest-ever yearly EBITDA and PAT at ₹2,031 crore and ₹1,288 crore, registering a robust growth of 44 per cent and 47 per cent in the year FY'25. The company achieved around 27 per cent EBITDA margin, which is more than its annual guidance. Strong growth expected in defence segment The defence sector revenue has increased from ₹517 crore to ₹1,355 crore showing growth of 162 per cent in Q4FY25. With an order backlog of ~₹15,200 crore (11.2x FY25 defence revenue) along with robust pipeline, the management believes that there is strong growth visibility in this segment. Supported by momentum, Solar Industries targeting total revenues of ₹10,000 crore in FY26. With this defence contribution in total revenue will be crossing 30 per cent from the current share of 18 per cent. The company anticipates huge opportunity for its defence products across global markets and expects defence revenue at ₹8,000 crore in next 4-5 years (40 per cent plus CAGR). Solar Industries has planned a capex of ₹2,500 crore for FY26 with focus on further expansion of product portfolio. The company had also entered into an MoU with the Government of Maharashtra to initiate the Anchor Mega Defence & Aerospace Project in Nagpur with an investment of around ₹12,700 crore (over the next 10 years), aimed at enhancing defence products like Drones, UAVs, Counter Drone systems, energetic materials, New Generation Explosives, and new Military transport Aircraft. I CICI Securities view on Solar Industries With a market leading share of ~25 per cent in the domestic industrial explosives market, analysts at ICICI Securities believe that the company is well poised to grow steadily led by healthy demand prospects from segments like mining, housing and infrastructure. The company witnessed some recovery in the explosives segment during FY25, led by 7 per cent volume growth with improvement in realisation. With an order backlog of ₹1,800+ crore in explosives and stable raw material prices, the brokerage firm expects ~15 per cent revenue compounded annual growth rate (CAGR) in this segment over FY25- 27E. In exports/overseas segment also; analysts expect a further recovery over FY26-27E, led by rising exports inflows with further sizable opportunities. However, the stock has achieved the brokerage's target price of ₹16,310 per share. About Solar Industries Solar Industries India, along with its subsidiaries, manufactures bulk explosives, packaged explosives and initiating systems, which find application in the mining, infrastructure and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads and warhead explosives. At present, there are 32 manufacturing plants across nine states in India, in addition to seven overseas units in Zambia, Ghana, Nigeria, Turkey, South Africa, Tanzania and Indonesia.
Business Standard
4 days ago
- Business
- Business Standard
Solar Industries bags explosives supply contract from CIL worth Rs 402 crore
Solar Industries India said that it has bagged orders worth Rs 402 crore from Coal India (CIL) for supply of cartridge explosives & accessories. The domestic supply contract would be executed over a period of two years. Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads, and warhead explosives. The company's consolidated net profit rose 54.86% to Rs 314.87 crore on a 38.06% increase in sales to Rs 1,973.08 crore in Q3 FY25 as compared with Q3 FY24. The scrip rose 0.27% to currently trade at Rs 16,145.75 on the BSE.
