Shares of Railtel Corporation of India jumped over 11% to hit a fresh 52-week high of Rs 578.50 on the NSE on Friday. Other PSU counters including Ircon International and Indian Railway Finance Corporation (IRFC) also joined the party, hitting fresh 52 week highs. Railway stocks have gained attention ahead of the Modi 3.0 government’s … Read more
Railway shares have tumbled up to 33% in the last two days as a narrow win for Prime Minister Narendra Modi’s alliance raised concerns about policy continuity. Shares of Titagarh Rail Systems tumbled nearly 33%, while Ircon International declined by over 26%. Meanwhile, RailTel Corporation and IRCTC also fell by over 19% in the past … 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
The Interim Budget which focuses on fiscal consolidation, infrastructure spending, consumption, and capital expenditure can create a ripple effect on many sectors of the economy as the government has set a capex target of Rs 11.1 lakh crore for FY25. Within the confines of the available fiscal space, the government is channeling enough for capex … Read more
