Defence multibagger stock: 48% return in 6 months! Motilal Oswal sees 55% upside | Check share price target; do you own?
Indian markets moved higher in a defence development.
· LiveMint Markets
Shares of Solar Industries India Limited rose nearly 2% after Motilal Oswal initiated a 'Buy' rating. The company is enhancing its position in the defense sector, with potential 55% upside, while the stock has gained 52.67% in six months and 899% in five years.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- The immediate tone of coverage reads positive.
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