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This Article is From Sep 18, 2020

ICICI Securities: Solar Industries Q1 Review - Overseas And Defence Key To Profitability

ICICI Securities: Solar Industries Q1 Review - Overseas And Defence Key To Profitability
Air Bombs for defence and military application developed by Solar Industries India Ltd. (Photo: company website)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Solar Industries India Ltd. conference call underlined the strength of the business model; growth opportunities will determine the next phase of investment thesis.

Management commentary highlighted -

1. Overseas operations – with the desired experience of getting into the big league of mining through presence in South Africa and Australia eventually to reap dividends and

2. defence – where Solar Industries' own preparedness meet with government readiness to entertain private sector, thereby, increasing probability of order inflows.

Indian Space Research Organisation opportunity will be delineated once better clarity emerges.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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