ICICI Securities Bullish on Solar Industries India Shares, Potential 14% Upside; What is Their Rating

ICICI Securities is bullish on the shares of Solar Industries India, a defense sector company. The brokerage has assigned a ‘Buy’ rating for the stock, setting a target price of Rs 17200 per share. This target price suggests a potential increase of about 14% from the current market price. In the April-June 2025 quarter, Solar Industries reported standalone revenue of Rs 1387.15 crore. The company’s market capitalization stands at Rs 1.36 lakh crore. As of the end of June 2025, promoters held a 73.15% stake in the company.

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