RVNL shares snap-3 day gain; drop 7% as Q2 misses estimates
The railway PSU posted a 27.24% YoY drop in its net profit at ₹286.88 crore in Q2 FY25; revenue from operations dropped 1.21% to ₹4,854.95 crore.
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Freight Traffic Growth Hit; Is Slowdown On The Cards?
As railways mirror the pulse of industrial traction, it seems the once-steady drivers of growth are now losing steam.
Cabinet approves railway projects worth ₹6,456 cr
The three projects cover seven districts in four states - Odisha, Jharkhand, West Bengal and Chhattisgarh.
IRCTC shares dive 5% as Q4 misses estimates
Post Q4 results, Prabhudas Lilladher has given a ‘HOLD’ rating on IRCTC, with a target price of ₹825
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.
IRCON share jumps 6% on winning new order; surges 23% in six sessions
The company’s joint venture has bagged a contract worth ₹1,200 crore for the construction of the Kottavalasa-Koraput doubling project of Waltair Division, East Coast Railway.
RailTel shares surge 22% in 3 sessions; here’s why
The PSU stock has risen nearly 300% from its 52-week low of ₹96.20 hit on March 28, 2023.
Railways gets 2,000 projects worth ₹41,000 cr
PM Modi says India is approaching well towards becoming 3rd largest economic superpower; hails it as the most attractive place for investment
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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.
