RVNL, IRFC, IRCTC, RITES, Railtel: Railway stocks rise up to 3% ahead of Budget
Railway stocks were mostly trading higher ahead of Budget, barring Texmaco Rail, while Railtel topped the chart with a 3% gain.
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Railway stocks rally as Ashwini Vaishnaw retains railway ministry; IRCTC, IRCON, RailTel surge up to 6%
All railway-related stocks were trading higher today after Ashwini Vaishnaw retained the railway ministry in Modi 3.0, raising hopes for continuity in policies.
IRFC shares rise 4% on strong Q4, dividend payment; up 16% in 4 sessions
The financing arm of the Indian Railways proposes to raise up to ₹50,000 cr through bond issue or bank loan during FY25.
Railway stocks IRCTC, IRFC, RVNL, IRCON fall after FM's budget speech; here’s why
The sell-off in the railway stocks was triggered after FM Sitharaman earmarked a capex of ₹2.55 lakh crore for the Indian Railways, which is lower than industry expectations of ₹3 lakh crore.
This railway stock surges 77% in Jan; hits new high amid Budget optimism
The largecap stock, which made its share market debut on April 11, 2019, has risen more than 1,500% in the last five years.
IRFC disburses ₹32,393 cr to Indian Railways in FY23, says CMD Shelly Verma at AGM
The financing arm of the Indian Railways has declared a total dividend of ₹1,960.28 crore, which works out to 30.93% of PAT for FY23, says Shelly Verma.
From ₹67 to ₹398: This lesser-known railway stock jumps 6-fold in one year
The stock, which made its market debut in June last year, hit a fresh all-time high of ₹398.10 on September 5, after touching 52-week low of ₹66.90 on September 27, 2022.
IRFC shares fall 6% on govt stake sale buzz
The government, which currently holds 86.36% shares in IRFC, has to dilute 11.36% stake in the company to meet SEBI’s minimum public shareholding norm.
IRFC teams up with IIFCL to finance railways infra projects
IRFC has inked a pact with IIFCL to boost cooperation in financing railway infrastructure projects with forward and backward linkages to Indian Railways sector.
