Nifty Next 50 News and Updates

Name: Latest research reports of Solar Industries India Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Solar Industries India Ltd.
Rating: 5
Author: ICICI Direct

Keep track of all breaking news on Nifty Next 50 from all sources in a single place.

Power Finance Corporation Ltd.

17 May 2026, 02:05PM

445.75

-1.26%

PFC board clears next step for REC merger, seeks govt approval

Economic Times

Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India's nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while ensuring the merged entity retains its government-company status.

Number of FII/FPI investors decreased from 881 to 867 in Mar 2026 qtr

Indian Railway Finance Corporation Ltd.

17 May 2026, 12:54PM

98.86

-1.33%

Loan sanctions likely to cross 1 trn milestone in FY27: IRFC CMD

Business Standard

State-owned Indian Railway Finance Corporation (IRFC) has set a target of crossing a milestone of Rs 1 lakh crore loan sanction during the current financial year. To fund its business growth, the public sector undertaking (PSU) of the Ministry of Railways is looking to raise Rs 70,000 crore, including from overseas in FY27. "We are aiming for a loan sanction of Rs 1 lakh crore and disbursement of about Rs 40,000 crore during the ongoing financial year, as the pipeline of high-quality infrastructure projects looks strong," IRFC Chairman and Managing Director Manoj Kumar Dubey told PTI. A steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, he said. During FY26, lRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance. The company, which last year got Navratna status, witnessed it

Indian Railway Finance Corporation Ltd.'s price crossed below 50Day SMA today

IRFC loans likely to cross 1 lakh cr in FY27

Business Line | 17 May 2026, 12:38PM

Ambuja Cements Ltd.

17 May 2026, 12:28PM

433.75

-2.29%

Ambuja to focus on completing projects amid capex slowdown: Karan Adani

Business Standard

Ambuja Cements has acknowledged a delay in the execution of expansion projects and said it is keeping its capital expenditure (capex) in FY27 "moderate" in the range of Rs 6,000-6,500 crore as against Rs 7,500 crore last year as it focuses on completion rather than taking on new ones. Ambuja Cement Director Karan Adani, while replying to a query in a post-earnings investor call, admitted that execution in the cement business has fallen short of the group's standards due to contractor issues, a lack of an execution team, and incomplete engineering work. The country's second-largest cement maker is "pausing and correcting" itself and "wants to first complete our projects that we have taken in our hand before we start any new projects", Karan Adani said. Among the key reasons for delays was the selection of contractors that did not meet execution expectations. "We did not choose the right contractor for execution," said Karan Adani, adding that the company had also faced challenges in

BOB Capital Markets Ltd. decreased Hold price target of Ambuja Cements Ltd. to 450.0 on 06 May, 2026.

Muthoot Finance Ltd.

17 May 2026, 11:11AM

3311.40

-6.22%

Muthoot FinCorp post 73,448.82 crore AUM in FY26

Business Line

The company's standalone performance was strong, with AUM at 56,185.10 crore, PAT at 1,640.21 crore, and revenue at 8,364.28 crore as of March 2026

Muthoot Finance Ltd.'s price crossed below 50Day SMA today

REC Ltd.

16 May 2026, 08:29PM

345.85

-0.70%

PFC-REC merger plan moves ahead, to seek Presidential approval

Business Line

Once approved, REC's assets and liabilities will be transferred to PFC, with REC eventually being dissolved.

Number of FII/FPI investors decreased from 800 to 766 in Mar 2026 qtr

Solar Industries India Ltd.

16 May 2026, 12:00AM

17314.00

3.89%

Solar Industries

Buy: Solar Industries India Ltd.

Target

ICICI Direct

FY27 outlook implies strong ~42% revenue growth as defence business enters accelerated growth phase: Solar Industries continues to witness strong momentum in defence business driven by robust execution, product commercialisation and expanding manufacturing capabilities. With defence order backlog remaining strong at ~18,000 crore and FY26 defence revenue growing ~94% YoY to ~2,634 crore, management expects the segment to scale further to ~4,500 crore in FY27. Key growth drivers include increasing execution in Pinaka ammunition, guided...

Solar Industries has gained 24.74% in the last 6 Months

Hindustan Aeronautics Ltd.

16 May 2026, 12:00AM

4386.20

-4.81%

Hindustan Aeronautics

Buy: Hindustan Aeronautics Ltd.

Target

ICICI Direct

Execution recovery and manufacturing ramp-up to drive growth ahead: Company continues to maintain strong long-term growth visibility backed by record order book of ~2.5 lakh crore (7.6x FY26 revenue). Company is entering a stronger execution phase supported by improving engine supplies, ramp-up in manufacturing programs and record order visibility. Management expects FY27 revenue growth of ~1012% with stable EBITDA margins of ~3031%, driven primarily by higher manufacturing contribution from LCA Tejas Mk1A, HTT-40 trainers and helicopter...