TheScreener - Solar Industries India Ltd (SOLARINDS) SOLAR INDUSTRIES IDA. reduced its risk exposure resulting in an upgrade to Slightly Positive

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SOLAR INDUSTRIES IDA. reduced its risk exposure resulting in an upgrade to Slightly Positive

SOLAR INDUSTRIES IDA. (IN), a company active in the Speciality Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 21, 2022, the closing price was INR 2,303.00 and its potential was estimated at INR 2,895.32.

22/01/2022 1 EN

Underlying

Solar Industries India Ltd

Solar Industries India Limited is an explosives manufacturing company. The Company manufactures, supplies and exports industrial explosives and initiating systems. It manufactures various explosives products, such as Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories. The Company's products include Large Dia slurry Explosives, Small Dia Emulsion, Small Dia Slurry Explosives, Solar Detonators, Supreme Detonators, Supreme Electric Detonators, Economic Sod, Eco Det, Cord Relay, Cast Booster and Detonating Fuse. Its products are used across mining and infrastructure sectors. It also offers high melting explosive (HMX) and HMX Compounded products to the defense sector. The Company has 25 manufacturing plants eight states in India and three in overseas locations. The Company offers its products to 42 countries across the globe. The Company has manufacturing facilities at Zambia, Nigeria and Turkey.

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INE343H01029 National Stock Exchange of India India

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SOLAR INDUSTRIES IDA. reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

MOSL: SOLAR INDUSTRIES (Neutral)-Op. performance impacted by weak overseas performance

MOSL: SOLAR INDUSTRIES (Neutral)- In-line performance; defense showing traction

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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