RailTel, SJVN, NHPC shares surge 5% after Navratna upgrade
The market surge reflects renewed investor interest after these state-owned enterprises received the Navratna classification.
The market surge reflects renewed investor interest after these state-owned enterprises received the Navratna classification.
Railway stocks were mostly trading higher ahead of Budget, barring Texmaco Rail, while Railtel topped the chart with a 3% gain.
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.
The PSU stock has risen nearly 300% from its 52-week low of ₹96.20 hit on March 28, 2023.
With a focus on excellence and innovation, RailTel has garnered unwavering trust as a partner in delivering cutting-edge services across sectors.
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.
The largecap stock, which made its share market debut on April 11, 2019, has risen more than 1,500% in the last five years.
The BSE Sensex and NSE Nifty50 are set to open higher on Tuesday, following firm cues from Asian peers.