Solar Industries breaks losing streak on MOFSL's bullish initiation

Solar Industries India Limited reversed course in afternoon trading following the initiation of equity research coverage by Motilal Oswal Financial Services (MOFSL), one of India's prominent financial advisory firms. The stock climbed 4% to recoup losses from its previous five consecutive days of decline, signalling renewed investor confidence in the defence and aerospace solutions manufacturer.

MOFSL's research team initiated coverage on Solar Industries with a BUY rating and established a 12-month price target of ₹23,000 per share. The rating represents the brokerage's first formal recommendation on the company and suggests significant upside potential from prevailing market levels.

Solar Industries, known for its specialisation in defence electronics, aerospace components, and allied manufacturing, has attracted growing institutional interest as India expands domestic production in sensitive sectors. The company's order book and capacity expansion plans have positioned it as a beneficiary of increasing government procurement initiatives.

The timing of MOFSL's bullish stance follows a period of profit-taking that had pressured the stock, though the initiation demonstrates confidence among major financial institutions in the company's medium-term prospects. Analysts continue to monitor Solar Industries' quarterly performance and order pipeline expansion as key indicators of sustained growth trajectory.