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Solar Industries India to acquire South African firm

Solar Industries India said it would acquire a South African firm, positioning the defence explosives maker for a fresh uptrend.

SOLARINDS

New Delhi, Sept. 14 -- A defence stock that has delivered strong multibagger returns could be set for a fresh uptrend following its announcement of an acquisition of a South African firm. The company- Solar Industries India- which manufactures industrial explosives and initiating systems, for minin…