Solar Industries India Ltd

Stage 2 · Advancing · week 24Setup 4.4 WatchWeak -6.6

As of 9 Oct 2026, Solar Industries India is in Stage 2 — advancing, the uptrend phase, in week 24 (since 27 Apr 2026). It closed at ₹20,000, 10.9% below its 52-week high and above its 200-day average, which is rising. In Materials, 35.1% of stocks are in Stage 2.

Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. More about the company

₹20,000
+0.65% today
₹1.81L Cr · Large cap
Market Neutral — FadingMaterials 35.1% in Stage 2-0.9 pts / 20dCommodity Chemicals 52.3%+0.8 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

4.4 Watch

Momentum

Steady

Edge

Weak -6.6

Setup-score rank among Stage 2 peers: #21 of 34 in Commodity Chemicals · #103 of 159 in Materials

Is SOLARINDS early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-10.9%
₹11,772 lo₹22,455 hi
10.9% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 24
1w13w26w
Week 24 — proven structure, sweet spot
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
21.9%
200 DMA: ₹16,402.9 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.48x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -3.7% vs MA50 +2.8%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-10.9%
3M
+9.7%
6M
+46.4%
YTD
+58.5%
1Y
+50.1%
Sector
Materials
→ Flat
Stage 2%
35.1%
20d Δ
-0.9pp
1M return
-6.7%
3M return
-4.3%
Sector Stage-2 % · last 20 days
This stock ranks #37 of 158 Stage 2 stocks in Materials by RS.
Industry
Commodity Chemicals
→ Flat
Stage 2%
52.3%
20d Δ
+0.8pp
1M return
-6.2%
3M return
+3.6%
Industry Stage-2 % · last 20 days
Ranks #9 of 34 Stage 2 stocks in this industry.
Stage Cycle Timeline2023-07-13 → 2026-10-09
S2 58w
S2 15w
S3 17w
S2 24w
2023-07-132026-10-09
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 4w → S1 3w → S2 58w → S3 1w → S2 4w → S3 8w → S4 10w → S1 5w → S2 15w → S3 17w → S4 11w → S1 8w → S2 24w current
Total tracked: 168 weeks across 13 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-04-27
3 appearances in last 60 days. First seen: 2024-10-17.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-09S2
Wk 24 · Vol 0.48x
2026-10-08S2
Wk 24 · Vol 0.68x
2026-10-07S2
Wk 24 · Vol 0.82x
2026-10-06S2
Wk 23 · Vol 0.93x
2026-10-05S2
Wk 23 · Vol 0.60x
2026-10-01S2
Wk 23 · Vol 1.09x
2026-09-30S2
Wk 23 · Vol 1.65x
2026-09-29S2
Wk 23 · Vol 1.23x
2026-09-28S2
Wk 22 · Vol 0.88x
2026-09-25S2
Wk 22 · Vol 0.66x
2026-09-24S2
Wk 22 · Vol 0.66x
2026-09-23S2
Wk 22 · Vol 1.78x
Sector Peers — Stage 2All →
OCCLLTD
wk 16 · 0.0% from hi
9.4
CUBEXTUB
wk 1 · -1.3% from hi
9.4
VENUSPIPES
wk 19 · -10.6% from hi
9.0
MUKANDLTD
wk 20 · -5.3% from hi
8.9
PLASTIBLEN
wk 16 · -1.6% from hi
8.4
Moving averages & range
50 DMA
₹19,828.8
200 DMA
₹16,402.9
52W High
₹22,455
52W Low
₹11,772
5D Low
₹19,540
Resistance levels (recent highs)
20d High
₹22,370
60d High
₹22,455
120d High
₹22,455
250d High
₹22,455
Next resistance
+11.8%
to 20d High
Ask the Market AI about SOLARINDSAsk →
P/E (TTM)
100.9
Forward 56.0
Earnings Growth (YoY)
+70.0%
Revenue +40.9%
ROE
+31.3%
Profit margin +17.1%
Dividend Yield
0.06%
P/B 26.9
About this companyMaterials· Commodity Chemicals

Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as bulk and packaged explosives; and initiating systems, including electronic, electric, non-electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company provides defense products, including unmanned aerial systems and drones, ammunitions, high energy materials, bombs and warheads, rockets and missiles, initiating systems and detonix, chaffs and flares, and mines devices. Its products are used in mining, infrastructure, construction, defence, and the space sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. The company was founded in 1983 and is based in Nagpur, India.

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All analytics based on EOD data. Data as of 2026-10-09. Past data patterns are not indicative of future results. This page is a data analytics tool only.