Solar Industries is showing good amount of promise more from the point of view of a company catering to the mining and the construction activity which is in the explosive business. They are leaders in this particular area of business.
At the same time, they are in the process of getting their coal mines allotted and that would give them a possibility to link it with some of the power plants. From that point of view, if you find, these companies getting into higher value addition activity which is very fruitful going forward.
In my view point, the stock is still available at an attractive valuation, given the kind of prospect that it holds. Currently, it trades at around 10 PE which probably would increase more because of growth itself in the base profit. We like this company from a relative longer-term investment point of view and not immediately from a one-two quarters point of view.
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