VERIFIEDET Stocks·16 Sept 2026negative

Solar Industries shares plunge 17% in 2 days. Why Jefferies, Nuvama still see up to 46% upside

AI Summary

·Solar Industries shares have fallen over 17% in two days after the Rs 12,951 crore acquisition of South Africa’s Omnia Holdings.
·Jefferies and Nuvama maintain Buy ratings on the stock.
·Analysts cite earnings growth potential, strong cash flows, and strategic benefits from the acquisition and global expansion.