Amid hopes of a recovery in central government capex in H2 and the major announcements from the Union Budget, which is less than two months away, rail stocks were trading higher on Wednesday. Titagarh Rail Systems shares led the rally and were up about 9%. Texmaco Rail shares were trading 6% higher, while those of … Read more
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
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
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
Vikram Samvat 2079, the Hindu accounting year which began from last Diwali, would be remembered as one which not only gave Sensex and Nifty new all-time peaks but also left a large number of smaller investors with at least one multibagger story to share. During the year, the big boys scorned at the ‘madcap rally’ … Read more
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