Rail Vikas Nigam (RVNL) and Vodafone Idea stand among 7 stocks granted seats at the MSCI’s Global Standard index while Bandhan Bank was excluded as part of the global index service provider’s August rejig. Due to this inclusion, RVNL is likely to attract passive fund inflows worth $219 million while Vodafone Idea may likely be … Read more
Shares of railway firms tumbled by up to 13% in early trade on Tuesday, June 4, as early election trends did not align with exit polls. Shares of Rail Vikas Nigam tumbled nearly 13% to Rs 351.7, while Ircon International saw a 12% decline. RailTel Corporation of India, IRFC, Texmaco Rail & Engineering, and IRCTC … Read more
Mumbai: Notwithstanding the sharp swings in the stock market in recent weeks, individual investors are not shying away from borrowing and betting on shares, especially mid-caps – some of the worst hit in the recent sell-off. The total quantum of margin funding – a short-term loan to investors for buying shares they cannot afford otherwise … Read more
Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets. Analysts warn about the likelihood of further declines in these stocks, which have been the top performers on Dalal Street for the past three months. Any sharp fall in the … Read more
Extending the winning run of the last trading session, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India rallied up to 11% on Thursday.Among these PSU railway stocks, RailTel Corporation was the top gainer, rising 11.4% to Rs 442 … Read more
After falling 7-14% in Tuesday’s trade, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India surged in Wednesday’s trade between 3-7% ahead of the Union Budget 2024.According to the analysts, the sharp rally in the railway pack was attributed … Read more
It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors. The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The … Read more
