Solar Industries disclosed a 27% return on equity in its latest quarter, surpassing the 21% consensus estimate, and revealing a ₹50,000 crore defence order backlog.
The company’s Q4 filing also highlighted a 35% return on capital employed, underscoring efficient capital allocation amid rising raw‑material costs.
Paytm, meanwhile, reiterated bullish guidance ahead of the forthcoming merchant discount rate shift, a move that could lift payment‑processing margins, according to Marketsmith Director Mayuresh Joshi.
Joshi cautioned that global oil prices above $120 per barrel — and tightening bond yields could reignite volatility, but he argued that defence stocks like Solar and Zen Technologies offer a cushion, citing their strong order books.
Analysts expect market stability over the coming months as geopolitical risks ease, while corporate profit forecasts have been trimmed to 11‑12% from 14‑15%, signalling a more cautious sentiment.
Looking ahead, Solar Industries will report its 2026 full‑year results on July 30, and investors will be watching whether the defence order pipeline translates into sustained earnings growth.