Two multibagger railways stocks jump up to 5% as govt plans PLI scheme for train parts

Two multibagger railways stocks jump up to 5% as govt plans PLI scheme for train parts

Jupiter Wagons shares hit the 5% upper circuit and a 52-week high of Rs 271.4 in Wednesday’s trade as the government is planning to introduce a production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said. … Read more

Jupiter Wagons, Faze Three among top smallcap additions by MFs in May; Dollar Industries, Sirca Paints major exits

Jupiter Wagons, Faze Three among top smallcap additions by MFs in May; Dollar Industries, Sirca Paints major exits

Mutual funds were net buyers in Indian equities in May, adding stocks worth Rs 2,447 crore as compared to selling Rs 4,533 crore in shares in April. In the smallcap space, some of the major additions to the portfolios during the month include Jupiter Wagons, Nexus Select Trust Mall, Carysil, Chennai Petroleum Corp and Faze … Read more