Solar Industries India Ltd (NSE: SOLARINDS): Some stocks in the stock market have given amazing returns to investors, which has made them rich in just a few years. we are talking about one such stock on 8th August.
This stock of the defense sector has crossed the level of more than Rs 10,000 in three years.
On August 6, 2021, the share of Solar Industries India Ltd was at Rs 1,774, which has now reached Rs 10,278.00. During this period, it has given a multibagger return of 508 percent.
In this scenario in which someone invested one lakh rupees in this stock, the 1 lakh could have become 6.08 lakh rupees during this time.
This Much Was Earned In Two Years
This stock of the defense sector has also given good returns in one year and two years. In one year, it has multiplied the investors’ money by 2.6 times while in 3 years it has multiplied it by 3.25 times.
That is, this stock has climbed 163% in one year and 225% in two years. However, its 52-week high level is Rs 13,300, which was on July 11. From here, this stock has fallen 19 percent.
Is This Stock Overbought?
On Thursday, this stock rose to 10,278.00. Whereas a day earlier, these shares closed at Rs 10,218.75 on BSE.
The rise in this defense stock has come after the June quarter results. The market value that the business has is 92,470 crore rupees.
The RSI of the company is 39.6, which means that this stock is neither overbought nor oversold.
Financial Performance
Its net profit was 201.59 crore rupees in the June 2023 quarter, which has increased by 49.08 percent to Rs 300.54 crore in the June quarter of this year.
However, talking about revenue has increased by 0.75% from Rs 1682.21 crore to Rs 1694.78 crore. EBITDA has increased by 43 percent to Rs 473.67 crore.
Solar Industries India Stock Performance
| Current Price | ₹ 10,270 |
| 52-wk High | ₹ 13,300 |
| 52-wk Low | ₹ 3,956 |
| 5 Days Return | -4.14% |
| 1 Month Return | -15.89% |
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
