SOLARINDS

March 4 (Reuters) - Solar Industries India Ltd SLIN.NS:

• UNIT SIGNS 2.39 BILLION RUPEES CONTRACT WITH MINISTRY OF DEFENCE

Source text: ID:nBSE43JJ4z

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Feb 20 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA - ISSUANCE OF COMMERCIAL PAPER AMOUNTING TO 750 MILLION RUPEES

Source text: ID:nBSEFPfyv

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** Shares of industrial explosives maker Solar Industries India SLIN.NS rise 4% to 10,080 rupees

** Philip Capital starts coverage with a "buy" and TP of 12,000 rupees, an upside of 23% from stock's last closing price

** Says co has 25% share of India's industrial explosives market and is poised to maintain volume leadership over FY24-27

** Expects SLIN to post revenue and profit growth of 26% and 30% CAGR, respectively, over FY24-27; forecasts domestic sales of explosives to reach 800 bln rupees ($9.39 bln) by FY27

** Believe co's valuations will sustain, given highly regulated industry and strong prospects for explosives and defence - Philip Capital

** Avg rating of five other analysts on stock is a 'buy;' their median PT is 11,207 rupees - LSEG data

** SLIN has risen 50% in 2024

($1 = 85.1550 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

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** Shares of Solar Industries India SLIN.NS rise 2.8% to 10,837 rupees

** The explosives manufacturer and its subsidiary got export orders worth 20.39 bln rupees ($240.63 mln) to supply defence products

** Trading vols at 255,555, 4.2x 30-day average

** Stock up ~62% YTD

($1 = 84.7350 Indian rupees)

(Reporting by Vijay Malkar)

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Dec 2 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA LTD - RECEIVED EXPORT ORDERS WORTH 20.39 BILLION RUPEES

Source text: [ID:]

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Nov 5 (Reuters) - Solar Industries India Ltd SLIN.NS:

• GETS ORDER OF 8.87 BILLION RUPEES

Source text: ID:nBSEbgNXJ9

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Nov 4 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA LTD - GETS ORDER WORTH 3.99 BILLION RUPEES

Source text: ID:nBSE4fTsCM

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Sept 12 (Reuters) - Solar Industries India Ltd SLIN.NS:

• ISSUED COMMERCIAL PAPER AGGREGATING TO 500 MILLION RUPEES

Source text for Eikon: ID:nNSEbV001

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(Reporting by VijayDattaram Malkar)

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** Solar Industries India SLIN.NS jumps nearly 3% to ~11,815 rupees

** Stock rallies for 5th straight session, surging ~20% since MSCI Global Standard index inclusion at May end

** ICICI Securities hikes price target to a Street-high 13,250 rupees, from 11,000 rupees; keeps 'buy'

** Brokerage expects the explosives maker's defence rev to get a boost from domestic demand, exports

** This after Indian Navy's successful certification tests for three new Solar explosives with higher performance, lethality, per media reports

** Avg rating of 5 analysts is 'buy', while PT range from 6,421-10,230 rupees (excl ICICI) -LSEG data

** Stock has rocketed ~75% YTD vs jumps of 53%-121% in past 3 years

(Reporting by Hritam Mukherjee in Bengaluru)

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Updates to reflect analyst's revised estimate in paragraph 3

By Bharath Rajeswaran

BENGALURU, May 15 (Reuters) - India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.

With this, India has further narrowed the gap with China on the index. While China's weightage in the index will fall to 25% from 25.4%, India's weight will rise to 19% from 18.2%. The changes, announced on Wednesday, will be effective May 31.

The May review will lead to about $2 billion - $2.5 billion inflows into India, Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research said.

Consistent flows from domestic institutional investors and steady participation by foreign investors means that there is potential for India to surpass 20% weightage in the MSCI Global Standard index by the second half of 2024, Pagaria said.

With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country.

India's rising prominence in emerging markets is due to robust performance of its equities, particularly in the mid-cap segment, amid the relative underperformance by other emerging markets, especially China, analysts have said.

MSCI will add 13 Indian companies, the most among emerging markets, to the Global Standard Index from May end.

These include JSW Energy JSWE.NS, Canara Bank CNBK.NS, Indus Towers INUS.NS in the large-cap segment, and Mankind Pharma MNKI.NS, Bosch BOSH.NS, Solar Industries SLIN.NS, NHPC NHPC.NS, Torrent Power TOPO.NS, Thermax THMX.NS, Jindal Stainless JIST.NS and Sundaram Finance SNFN.NS in the mid-cap index.

Phoenix Mills PHOE.NS and PB Fintech PBFI.NS have been upgraded to the mid-cap index from small-cap by MSCI.

Berger Paints BRGR.NS will be removed from the MSCI index while Indraprastha Gas IGAS.NS and Paytm's parent One 97 Communications PAYT.NS have been downgraded to the small-cap index from the mid-cap index.

Housing Urban Development Corp HUDC.NS and Waaree Renewable Technologies WAAE.BO have been added to the small-cap index.

Separately, 29 Indian stocks have been added to the MSCI Domestic index while 15 have been moved to other categories or removed.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of explosives maker Solar Industries India SLIN.NS jumped 5.5% to record high at 9,399 rupees

** This marks the third time the stock has hit a record high so far this month

** Stock among top gainers in the Nifty 500 .NIFTY500 index, and is on pace for second consecutive session of gains

** Reuters could not immediately determine the reason for stock move

** More than 442,000 shares traded by 3:15 p.m. IST, 1.9x the 30-day avg

** SLIN on track for fifth consecutive week of gains

** Average recommendation on stock is a "buy"; median PT is 7,056 rupees - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** 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)

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** Shares of Solar Industries India SLIN.NS up as much as 7.6% to an all-time high of 8,086 rupees; last up 2.5%

** Industrial explosives manufacturer receives export orders worth 4.55 bln rupees ($55 mln) for supply of products for defence-based application

** ** About 458,000 shares change hands as of 2:36 p.m. IST, 3.8x the 30-day avg - LSEG data

** Avg rating of six analysts equivalent of "buy", median PT is 7,056 rupees - LSEG data

** Including session's moves, stock is 14.5% this year, smaller than its 53.4% rise in 2023

($1 = 82.7050 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 28 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA LTD - QUANTUM OF LOSS/DAMAGE AT 5 MILLION RUPEES DUE TO EXPLOSION INCIDENT IN NAGPUR FACTORY

Source text for Eikon: ID:nNSEbxCkCf

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Jan 8 (Reuters) - Solar Industries India Ltd SLIN.NS:

• GOT WORK ORDER WORTH 9.94 BILLION RUPEES

Source text for Eikon: ID:nBSE5P6TBk

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** Shares of explosives maker Solar Industries India SLIN.NS down ~4% after explosion at one of its factories

** Co says nine workers died in an explosion on Dec. 17 at its pallet casting house

** Adds investigation into cause ongoing; financial impact limited only to the building

** Nearly 242,000 shares change hands, 1.3x the 30-day avg

** Avg rating of six analysts is "buy" - LSEG data

** However, their median PT of 5,920 rupees is ~10% below its current market price of 6,609 rupees

** Stock last down 3.9%, cutting YTD gains to 50.1%

(Reporting by Dimpal Gulwani in Bengaluru)

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Updates with comments from the company statement in final paragraph

By Dhwani Pandya

MUMBAI, Dec 17 (Reuters) - At least nine workers were killed and several injured in a blast at an explosives factory in Nagpur, a central district in Maharashtra state on Sunday morning, a local police officer told Reuters over the phone.

The blast occurred early on Sunday morning at a factory run by Solar Industries India SLIN.NS, the police officer surnamed Salve said. The factory manufactures industrial and military explosives, as well as propellants and warheads for India's defence sector, according to Solar Industries' website.

The injured were shifted to nearby hospitals, Salve said, adding that the number of casualties could increase. Salve was part of the team that went to the site of the explosion on Sunday morning.

Police were still investigating the cause of the blast, which occurred in the factory's packing area.

Solar Industries India confirmed in a statement to the stock exchange that nine workers had been killed and said it was investigating the causes of the accident and what corrective and preventive actions needed to be implemented.

(Reporting by Dhwani Pandya; Editing by Tom Hogue and Alex Richardson)

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** Shares of Solar Industries India SLIN.NS down as much as 6.5% at 6,910.80 rupees - in sharpest pct slide since Sept. 26, 2022

** Shares reverse course to trade in red after hitting record high earlier in the session

** Reuters could not immediately ascertain the reason behind the move

** SLIN added over 19% in last three sessions

** More than 376,000 shares changed hands by 11:41 a.m. IST, 3.6x 30-day avg

** Mean recommendation of 7 analysts "buy", median TP is 5,920 rupees - LSEG data

** Stock risen 60% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 2 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA LTD SEPT-QUARTER CONSOL NET PROFIT 2 BILLION RUPEES VERSUS 1.76 BILLION RUPEES

• SOLAR INDUSTRIES INDIA LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.47 BILLION RUPEES VERSUS 15.67 BILLION RUPEES

Source text for Eikon: [ID:]

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May 3 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA MARCH-QUARTER CONSOL NET PROFIT 2.06 BILLION RUPEES VERSUS PROFIT 1.68 BILLION RUPEES YEAR AGO

• SOLAR INDUSTRIES INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 19.29 BILLION RUPEES VERSUS 13.17 BILLION RUPEES YEAR AGO

• INDIA'S SOLAR INDUSTRIES INDIA LTD FINAL DIVIDEND OF 8 RUPEESPER SHARE

Source text for Eikon: [ID:]

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April 21 (Reuters) - Solar Industries India Ltd SLIN.NS:

• SOLAR INDUSTRIES INDIA LTD - UNIT SIGNED A CONTRACT FOR SUPPLY OF LOITERING MUNITION WITH MINISTRY OF DEFENSE,GOVERNMENT OF INDIA

• SOLAR INDUSTRIES INDIA LTD - CONTRACT VALUE OF 2.12 BILLION RUPEES

Source text for Eikon: ID:nBSE4jqVmC

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April 11 (Reuters) - Solar Industries India Ltd SLIN.NS:

• UNIT ACQUIRES ENTIRE BUSINESS OF RAJASTHAN EXPLOSIVES AND CHEMICALS

Source text for Eikon: ID:nBSEc0d0T

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