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Solar Industries India Ltd.
Share Price Target & Analysis

NSE:SOLARINDS

8997.79

VWAP

8999.00

Open

8299.75

Close

9050.00

High

8950.00

Low

9449.00

52 Week High

8976.80 ⇩
-6.65 (-0.07%)

SOLARINDS

(CHEMICALS)
92.1% Momentum

Trending & Favourite

3453.35

52 Week Low

65.9

EPS

100.91

PE

34.36

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: SOLARINDS Share Price Financial Analysis & Valuation

Solar Industries India Ltd. (SOLARINDS) is broadly categorized in CHEMICALS segment industry which deals in Chemicals vertical. It is one of Mid Cap company with Market Capitalization of Rs 21776.4 (in Cr). Total number of free float shares are 9.1 (in Lacs). Solar Industries India Ltd. is listed on NSE with Exchange ID - INE343H01029 and trading code is NSE:SOLARINDS with short name Solar Ind.

In the past 1 year, Solar Industries India Ltd. has declared an equity dividend of Rs 8 per share. At the current share price of SOLARINDS at Rs 8976.80, this results in a dividend yield of 0.09 %.

As per the Fundamental Analysis of NSE:SOLARINDS, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine SOLARINDS underlying value and future prospects. All of this data is available in SOLARINDS financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:SOLARINDS, it is clearly understood that SOLARINDS is Economical performer in terms of earnings and profit margins with an EPS of 65.9. NSE:SOLARINDS book value per share as of today is 261.22. The current price to book ratio for SOLARINDS as of May 18, 2024 is 34.36.

Valuation of the Stock: The current valuation of SOLARINDS stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of SOLARINDS whether to BUY this stock at current valuation. The delivery percentage of SOLARINDS is 47.25% is very crucial parameter which shows that 47.25% investors are anticipating that the price of SOLARINDS share should go up with VWAP at 8997.79.

Now, the main question is whether to BUY or SELL, NSE:SOLARINDS at current valuation.
As per latest Analysis No. #1137:-

⇑ STRONG BUY SOLARINDS if All Greens

⇗ BUY SOLARINDS (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD SOLARINDS (With Stop Loss) if only 1 Green

⇘ SELL SOLARINDS if NO Green Indicator

NSE: SOLARINDS Share Price Today (May 18, 2024)

(Solar Industries India Ltd. Daily Analysis on the basis of SOLARINDS Intraday Graph & Trend)

Solar Industries India Ltd. share price moved Down by -0.07% from its previous close of Rs 8299.75. SOLARINDS stock last traded price is 8976.80. SOLARINDS share price trend is Down with a total of 7147 stocks traded till now. It has touched an intraday high of Rs 9050.00 and an intraday low of Rs 8950.00. The SOLARINDS trading at 8976.80, Down by Rs. -6.65, or -0.07 percent which suggests that most of the Traders are anticipating that the price of SOLARINDS share should go Down.

NSE: SOLARINDS Share Price Tomorrow Prediction

(Solar Industries India Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of SOLARINDS)

Solar Industries India Ltd. share price moved Down by -0.07%. SOLARINDS share price short term trend is Down. It suggests that SOLARINDS Share Price for Tomorrow remains the same with VWAP at 8997.79 will be treated as stop loss for intraday traders. Solar Industries India Ltd. Long term investors can follow the SOLARINDS long term trend as mentiond in future forecast table.

NSE Code

NSE: SOLARINDS

SOLARINDS Share Price Today

 8976.80

SOLARINDS Share Price Target Prediction for 2024 ^

 6215.4 - 9495.8

SOLARINDS Share Price Target Prediction for 2025*^

 9495.8 - 10116.1

SOLARINDS Share Price Target Prediction for 2026*^

 10116.1 - 10824.2

SOLARINDS Share Price Target Prediction for 2027*^

 11365

SOLARINDS Share Price Target Prediction for 2028*^

 11690

SOLARINDS Share Price Target Prediction for 2030*^

 12742
SOLARINDS Current Book Value 2023
259.9

*Solar Industries India Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^SOLARINDS share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

SOLARINDS Technical Analysis

Candlestick Pattern: @8355.4

SOLARINDS Moving Averages

BUY (5) NEUTRAL (0) SELL (9)
MA Simple Action S1 Expo Action E2
MA_5 8640.78 SELL 8587.63 SELL
MA_12 8772.15 SELL 8687.81 SELL
MA_20 8714.63 SELL 8680.62 SELL
MA_32 8747.95 SELL 8555.78 SELL
MA_50 8439.25 SELL 8350.09 BUY
MA_100 7712.24 BUY 7841.77 BUY
MA_200 6401 BUY 6724.18 BUY

SOLARINDS Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 8714.63 Downtrend
MACD -70.39 SELL
ADX 16.26 NO or Weak Trend
DMI (+/-) 14.91 / 22.08 Downtrend

SOLARINDS Momentum Oscillators

BUY (0) NEUTRAL (3) SELL (9)
Momentum Oscillators Value Action
RSI 41.48 Neutral
STOCHASTIC_K (Fast) 10.83 Oversold
STOCHASTIC_D (Slow) 23.38 Neutral
CCI -220.23 SELL
PSAR 9043.23 SELL
TRUE RANGE 334.7 SELL
ATR 278.72 SELL
WILLIAMS R -93.18 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -172.8 SELL

SOLARINDS Last 1 Year Trend

Duration Value
1 Year 125.52%
3 Months 20.94%
1 Month -2.03%
1 Week -3.78%

SOLARINDS Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 17%
NEUTRAL / HOLD 13%
SELL 70%

Most popular Questions & Answers about SOLARINDS


Solar Industries India Ltd. stock last traded price is 8976.80. SOLARINDS share price moved Down by -0.07% from its previous close of Rs 8299.75.

Solar Industries India Ltd. share price trend is Down with a total of 7147 stocks traded till now. It has touched an intraday high of Rs 9543.49 and an intraday low of Rs 8950.00. The SOLARINDS trading at 8976.80, Down by Rs. -6.65, or -0.07 percent which suggests that most of the Traders are anticipating that the price of SOLARINDS share should go Down and the Stop Loss will be around 8997.79.

The market cap of Solar Industries India Ltd. is ₹21776.4 (in Cr) as of May 17, 2024.

The current price to earning ratio for Solar Industries India Ltd. as of May 17, 2024 is 100.91.

The current price to book ratio for Solar Industries India Ltd. as of May 17, 2024 is 34.36.

The highest price of Solar Industries India Ltd. stock is ₹9449.00 in the last 52-week.

The lowest price of Solar Industries India Ltd. stock is ₹3453.35 in the last 52-week.

Solar Industries India Ltd. share trading at ₹8976.80, Down by Rs. -6.65, or -0.07 percent which suggests that most of the traders are anticipating that the price of SOLARINDS share should go Down.

In 2023, Stock price target for Solar Industries India Ltd. (SOLARINDS) are ₹6215.4 on downside and ₹9495.8 on upside. Solar Industries India Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Solar Industries India Ltd. (SOLARINDS) are ₹9495.8 on downside and ₹10116.1 on upside. Solar Industries India Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Solar Industries India Ltd. (SOLARINDS) are ₹10116.1 on downside and ₹10824.2 on upside. Solar Industries India Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Solar Industries India Ltd. (SOLARINDS) will be around ₹11690 Solar Industries India Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of SOLARINDS.

As per the fundamental analysis of Solar Industries India Ltd. (SOLARINDS), it is of Economical quality in terms of earnings and profit margins with an EPS of 65.9. Solar Industries India Ltd. book value per share as of today is 261.22. The current price to book ratio for SOLARINDS as of May 18, 2024 is 34.36.


NSE:SOLARINDS News & Other Useful Information about SOLARINDS Share Price


Peer Comparison of NSE: SOLARINDS

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Chemicals

Company Price EPS BV
PIDILITIND 2986.95 35.38 139.76
MANORG 374.90 4.16 324.78
GANESHBE 153.20 7.88 49.38
UPL 511.00 16.11 100.32
INDOBORAX 176.85 12.35 79.4
AARTIIND 628.50 11.53 146
DEEPAKNTR 2474.65 30.67 192.46
ATUL 6003.70 130.62 1728.63
FLUOROCHEM 3239.25 38.12 539.16
TATACHEM 1085.95 35.17 735.01
Updated at: 17 May 2024 15:32

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