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Morgan Stanley Forecasts 20% Upside for This Multibagger Defense Stock
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Morgan Stanley Bets on Solar Industries: 20% Upside Predicted for Defence Stock
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CNBC TV18
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23-02-2026, 09:11
Morgan Stanley Bets on Solar Industries: 20% Upside Predicted for Defence Stock
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Morgan Stanley initiated coverage on Solar Industries India Ltd. with an 'Overweight' rating.
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Price target set at ₹16,151 per share, implying over 21% upside from Friday's closing.
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Company's multi-pronged strategy focuses on domestic and international expansion in defence and explosives.
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Brokerage expects 23% CAGR in earnings between FY26 and FY30, driven by defence and international explosives.
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Defence business contribution is projected to rise from 27% in FY26E to 44% by FY30.
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