New Delhi, July 9 -- Solar Industries India Ltd's stock is in the spotlight after being upgraded to large-cap by the Association of Mutual Funds of India (Amfi) in its latest classification.

Given the strong outlook and the rising share of defence in overall revenues, the stock has risen almost 70% so far in 2025. Yet, at 90x its FY26 estimated earnings, the stock may be running ahead of its financials.

The defence sector is expected to drive growth for the explosives manufacturing company.

"Solar's defence vertical has remained the fastest growing segment in the last five years (62% revenue CAGR over FY20-25), led by strong order inflows, healthy execution and a focus on continuously expanding the portfolio," pointed out Emkay Global ...