Had you bought PSU rail stock RVNL just before the interim Budget on February 1, your investment would have been doubled by now. Shares of Jupiter Wagons have rallied 64%, Oriental Rail 53% while Titagarh Rail Systems is up 56% with the combined market capitalization of top 12 rail stocks growing by about Rs 1.6 … Read more
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 Titagarh Rail Systems jumped nearly 9% to Rs 1,124 in Tuesday’s trade on BSE after the global brokerage firm Morgan Stanley initiated coverage on the stock with an ‘Overweight’ rating and a target price of Rs 1,285, which indicates an upside potential of 24% from the previous day’s closing price of Rs 1,034.7. … Read more
Even as trains are getting delayed amid intense cold waves in North India, there are no hiccups in the rally of railway stocks as they continue to move on the fast track ahead of the 2024 Budget. Ircon International was the leader in the pack on Saturday, gaining 15% while hitting a fresh 52-week high. … Read more
Indian equities are set to end the year with a record winning streak, with the drivers of the rally transcending the nation’s largest companies. Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate, industrials and capital goods are … Read more
Umesh Chowdhary, VC & MD, Titagarh Rail Systems, says “following the Rs 700-crore QIP, as far as the current plans are concerned, whether it is the Vande Bharat, whether it is the ongoing projects that we have, we believe that for both the capex and the working capital, apart from the debt that will need … Read more
