Solar Industries, BEL And CG Power Stocks Fall Up To 12% In Tuesday’s Trade

Shares of Solar Industries India Limited, Bharat Electronics Limited (BEL) and CG Power and Industrial Solutions Limited declined on 15 September 2026 as Indian equities struggled to sustain their opening gains.

Market sentiment remained under pressure due to elevated crude oil prices and global bond yields ahead of the Federal Reserve meeting.

On the National Stock Exchange (NSE) at 12:32 pm on Tuesday, Solar Industries shares stood at ₹19,605, down 11.96% from the previous close of ₹22,290. Bharat Electronics shares traded at ₹389.80, down 3.60% from ₹404.35. CG Power shares were at ₹869.85, down 4.31% from ₹909.

Solar Industries Shares Swing After Omnia Acquisition

Solar Industries shares initially climbed to a 52-week high of ₹22,700 before reversing. The stock fell as much as 12% during the session. Despite the day's volatility, it had gained 17% over two months, 42% over six months and 395% over one year, while its five-year return stood at more than 916%.

The volatility followed Solar Industries India's announcement of an all-cash acquisition of South Africa-based Omnia Holdings Limited for approximately $1.35 billion, or ₹12,951 crore. Its wholly owned step-down subsidiary, Solar SA Investments Proprietary, signed agreements to acquire all outstanding Omnia shares.

The transaction remains subject to customary closing conditions, including regulatory clearances and approval from Omnia shareholders. Omnia is listed on the Johannesburg Stock Exchange (JSE) and has a 73-year operating history.

Bharat Electronics Shares Fall Despite Approval Of Defence Deals

The stock was down 5.5% over one month and 12% over six months, while its one-year gain was 2.5%. Over five years, it had risen 460%.

The stock remained in focus after the Defence Acquisition Council (DAC) cleared ₹1.1 lakh crore of new defence deals, with 98% of the orders earmarked for Indian companies. Approvals for FY27 had crossed ₹1.62 lakh crore.

BEL is described as a market leader in Indian defence electronics, and its current order book stands at 2.6 times FY26 revenue.

CG Power Shares Slide As New Transformer Plant Comes Into Focus

The stock was down 2% over one month and 7% over three months, while it had gained 23% over six months and 10% over one year. Its five-year rise stood at 879%.

The company recently rolled out the first transformer from its greenfield manufacturing facility at Madhya Pradesh Industrial Development Corporation (MPIDC), Sehore, Madhya Pradesh, on 4 September 2026. The ₹792 crore facility spans 50 acres and will manufacture 220 Kilovolt (kV) to 1,200 kV power transformers.

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