Solar Industries shares plunge 17% in 2 days. Why Jefferies, Nuvama still see up to 46% upside
16 September 2026 Updated 16 September 2026Source: Economic Times 1 min read
Quick Summary
Solar Industries’ shares dropped more than 17% in two sessions after the company announced a Rs 12,951 crore acquisition of South Africa’s Omnia Holdings. Despite the sharp fall, analysts at Jefferies and Nuvama keep a Buy rating, citing earnings growth potential, strong cash flows and strategic benefits, and they still see upside of up to 46%.
Key Takeaways
- Shares fell over 17% in two sessions.
- Acquisition of Omnia Holdings valued at Rs 12,951 crore.
- Jefferies and Nuvama maintain Buy ratings.
- Analysts cite earnings growth potential, strong cash flows and see up to 46% upside.
Why It Matters
A sharp price drop after a large overseas acquisition can create volatility, and the continued positive outlook from major analysts highlights that the market may still view the deal as a growth catalyst for the company.
Summary, takeaways and analysis above are written by CAPITA1's AI from the source report. For educational purposes only. Not investment advice.