Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … 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
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
The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more
A bunch of widely tracked companies like M&M, LIC, Shree Cements, HUDCO, ONGC, BPCL, Ashok Leyland, Hindalco, Vodafone Idea, and Nykaa would be releasing their March quarter report cards this week. Here’s a list:May 22Shree Cements, Bharat Petroleum Corporation, Aditya Birla Fashion and Retail, SJVN, Capri Global Capital, Finolex Industries, CESC, Sun Pharma Advanced Research … Read more
PSU stocks have delivered healthy returns to investors in the last one month, rallying up to 56% with railway stocks leading the charts. The Nifty PSU index is up about 10% during the month, compared with 3% gains in benchmarks Sensex and Nifty. As many as 28 PSU stocks have offered double digit monthly returns … Read more
As many as 60 smallcap stocks gave double-digit weekly returns in what was a buoyant week for equity markets. Rail Vikas Nigam Ltd (RVNL) topped the charts in the smallcap pack, with 38% returns. Three stocks — Gujarat State Fertilizers and Chemicals, Indiabulls Real Estate and SVP Global Textiles — delivered over 25% returns during … Read more
MUMBAI: Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share. For the first time, the state owned company has made … Read more
MUMBAI: Indian Railway Finance Corporation (IRFC) is likely to launch its initial public offering (IPO) by the end of this month to raise about Rs 4,600 crore, according to bankers. For the first time, the state owned company has made provisions for allotment to anchor investors – this will help garner much more value for … Read more