Solar Industries India hits record high

Solar Industries India

15/03/2024 09:24

** Shares of explosives maker Solar Industries India
 SLIN.NS  up 7.9% to record high at 8,787.95 rupees; last up
7.7%
    ** Stock among top gainers in Nifty 500 index  .NIFTY500 
which is down 0.4%
    ** Reason for move was not immediately clear
    ** Stock above 50-day, 100-day and 200-day moving averages
since last Feb
    ** This is stock's most active session since late-Nov with
more than 629,000 shares traded by 2:54 p.m. IST
    ** Avg rating of six analysts equivalent of "buy", median PT
is 7,056 rupees - LSEG data
    ** Stock up ~30% YTD
    ** Stock rose 53.4% in 2023, its fourth consecutive yearly
gain, outperforming Nifty 500 index which rose 25.8%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))