Which is the more explosive stock: Solar Industries or Premier Explosives?

Solar Industries and Premier Explosives are gearing up to meet the growing need for explosives and defence products. (Bloomberg)
Solar Industries and Premier Explosives are gearing up to meet the growing need for explosives and defence products. (Bloomberg)

Summary

These two companies are well-positioned to ride the boom in the explosives industry. But which stock will fare better in 2024?

A country’s growth can be gauged by various initiatives such as infrastructure development and the availability of homes and basic services like electricity. While each of these is important, one sector that supports them all is the explosives industry.

Explosives are primarily used in the mining and construction industries, and by defence forces.

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