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Motilal Oswal Recommends Buy on Solar Industries with Rs 23,000 Target
M
Moneycontrol•21-09-2026, 11:56
Motilal Oswal Recommends Buy on Solar Industries with Rs 23,000 Target
- •Motilal Oswal has issued a 'Buy' rating for Solar Industries.
- •The brokerage firm set a target price of Rs 23,000 for Solar Industries.
- •The recommendation was detailed in Motilal Oswal's research report dated September 21, 2026.
Key Questions Answered
Motilal Oswal issued a research report on September 21, 2026, recommending a buy rating on Solar Industries with a target price of Rs 23,000.
The acquisition of Omnia Holdings strengthens Solar Industries' position in South Africa and neighboring markets while supporting the backward integration of ammonium nitrate.
Solar Industries is expected to deliver a compound annual growth rate (CAGR) of 43% in consolidated revenue and 34% in PAT over the period from FY26 to FY30.
