Thanks. But this I thought was already priced in to an extent.
I was really hoping there was more than what meets the eye :). Wanted to double my position when it was around 3500, unfortunately it was a fleeting window, may never get another good chance.
Apart from the defence story which is very well known, another reason I will stay invested in Solar for long term is Skyroot. Skyroot aspires to be SpaceX, currently they are very far out in comparison in terms of size as well as capability. SpaceX is probably around five times bigger than reliance today. Among Indian startups in general and space startups in particular, if one were to rank competitiveness, Skyroot will be among the top ones. Their capability will only increase and given their track record and the kind of help these startups are getting from ISRO and the space community in general Skyroot is probably one of the most promising startups in the country today.
A decade out if Skyroot even achieves just 10 percent of what SpaceX is today, Solar Industries 31 percent stake in Skyroot will be valued at four-five times of the current size of Solar industries itself. This, I personally think is at a very conservative estimate of what Skyroot can achieve in a decades time.
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