Indian railway stocks shot up over 13% on Monday following the exit polls, predicting a thumping majority for the incumbent government. Among the top gainers was Titagarh Rail Systems which hit a 52-week high along with Rail Vikas Nigam Limited (RVNL, 11%), Indian Railway Finance Corporation (IRFC, 12.5%), and Jupiter Wagons. Other railway stocks that … Read more
Pushed by strong order inflows and strong execution, multibagger rail PSU stock RVNL is having a dream run by rallying almost 1,000% in the past 2 years while displaying a 3-fold growth in the last one year alone. During the fourth quarter itself, the company’s revenue, EBITDA, PAT grew by 17.4%, 22% and 33% YoY, … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
