Anand Rathi is bullish on Solar Industries India has recommended buy rating on the stock with a target price of Rs 17,859 in its research report dated November 19, 2025.
Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Stocks like Torrent Power, HCL Technologies, MOIL, LKP Finance, Bharat Petroleum Corporation, TVS Motor Company, Indoco Remedies, Hindustan Unilever, Nazara Technologies, IRFC, and Allcargo Logistics will also be in focus on December 3.
The market may try to rebound on the first day of the December series, but sustainability is the key factor to watch. Below are some trading ideas for the near term.
NCLT gave approval to Solar Industries for merger of Rajasthan Explosives and Chemicals with its wholly-owned subsidiary Emul Tek.
Solar Industries ended at record closing high of Rs 8,855 and formed long bullish candlestick pattern on the daily timeframe, while trading above all key moving averages.
Analysts at ICICI Securities raised the target price of Solar Industries to Rs 9,050 a share, implying an upside of 13 percent from the current level
The fire incident occurred on August 12 while workmen were disposing off waste material in the burning area of Economic Explosives in Nagpur