{"id":280318,"date":"2026-09-30T11:23:34","date_gmt":"2026-09-30T05:53:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=280318"},"modified":"2026-09-30T11:23:34","modified_gmt":"2026-09-30T05:53:34","slug":"solar-industries-share-price-defence-rally","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/solar-industries-share-price-defence-rally\/","title":{"rendered":"Solar Industries Share Price Jumps 6% to Rs 19,820 as Defence Stock Recovers From Omnia Deal Sell-Off"},"content":{"rendered":"

Solar Industries Rs 19,500, up 4.6% (30 Sep, 11 AM). Day high Rs 19,820, up 6.3%. 52-week high Rs 22,700. Omnia deal Rs 12,951 crore. PL Capital target Rs 23,124.<\/em><\/p>\n

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Solar Industries share price jumped as much as 6.3% to Rs 19,820 on 30 September 2026, recovering part of the steep fall that followed its Rs 12,951 crore Omnia Holdings acquisition. The rebound comes as brokerages stay positive on its explosives leadership and fast-growing defence business, with PL Capital setting a target of Rs 23,124. The stock still trades about 14% below its 52-week high of Rs 22,700. Deal funding and a valuation near 85 times earnings remain the main concerns.<\/p>\n<\/div>\n

Solar Industries share price was among the standout gainers on Wednesday, rising as much as 6.27% to Rs 19,820 on the NSE from the previous close of Rs 18,650. Around 11 AM, the defence and explosives stock was trading at Rs 19,500, up 4.56%, in a market where the Nifty 50 was broadly flat.<\/p>\n

The bounce follows a rough fortnight for Solar Industries share price, which touched a 52-week high of Rs 22,700 on 15 September and then slid sharply after announcing its largest-ever acquisition, the all-cash purchase of South Africa-based Omnia Holdings.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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