Heavy Buying Defence Stock: FIIs Increased Stake in Q1 FY25; Company Announces Change in Logo!

The company’s shares have delivered a multibagger return of over 185 per cent in just 1 year.

Solar Industries Ltd is a leading domestic manufacturer specializing in bulk and cartridge explosives, detonators, detonating cords, and related components. These products are widely used in the mining, infrastructure, and construction sectors. Additionally, the company produces high-energy explosives, delivery systems, ammunition filling, and pyrotechnic fuses for the defence industry.

On July 25, 2024, Solar Industries India Limited (Solar) introduced a new corporate logo and brand positioning as part of its rebranding initiative. This update reflects the company's vision, mission, values, and its dynamic heritage and culture. The redesigned logo serves as a visual representation of continuous growth, innovation, and the advancement of the industries it serves.

Solar Industries Ltd rallied around 10 per cent and hits a high of Rs 11452.05 and finally, closed the Friday’s trading session at Rs 10972.85 per share on the BSE. The current market capitalization of the company stands at Rs 99,293 crore. Additionally, the company’s stock has delivered a multibagger returns of over 185 per cent in the just 1 year.

According to Jash Engineering Limited's shareholding pattern, promoters hold 73.15 per cent of the shares. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) own 7.56 per cent and 12.74 per cent, respectively. The remaining 6.54 per cent of the shares are held by public shareholders.

Investors must keep this mid-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.