Solara Active: After rallying 6 times in 3 years, this API maker just got first 'sell' rating
Explore Now NEW DELHI: Solara Active, which has been rallying for three years now, has suddenly got its first ‘sell’ rating. As if on cue, the stock tanked 3.5 per cent in Mumbai trading on Thursday. The stock, which got listed at Rs 288 on June 27, 2018, hit a record high of Rs 1,859 on Wednesday, rising a solid 550 per cent, or 6.45 times, in less than three years. Six brokerages that cover the stock, all still have ‘buy’ ratings. But Antique Stock Broking initiated coverage on it on Thursday with a ‘sell’ rating. It valued the stock at Rs 1,425, giving it an 18 times P/E multip...
Source: indiatimes.com