Shares of IRFC, RVNL, Texmaco Rail and Titagarh Rail Systems surged in Tuesday s trade, hitting fresh 52-week highs. These railway stocks are rallying ahead of the Union Budget 2024. IRFC has gained 46% in the last five trading sessions and delivered 328% returns in the past 12 months. With a market cap of over Rs 1.85 lakh crore, IRFC is the largest railway stock on the Indian exchanges. RVNL, Ircon International, Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail have also outperformed the Nifty, with significant gains ranging from 135% to nearly 300%.
​Market regulator Securities Exchange Board of India (Sebi) and National Securities Depositories Ltd (NSDL) on Wednesday moved the Supreme Court against the Securities Appellate Tribunals decision that quashed the market regulators orders that restricted lenders, including Axis Bank, HDFC Bank and ICICI Bank, from revoking the shares pledged by Karvy Stock Broking (KSBL).
The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength of its new portfolio, MD and CEO Sunil D Souza told ET.
Brokerage firm Jefferies maintained a hold rating on HCL Technologies and an underperform rating on Wipro post-Q3 results. Goldman Sachs maintained a buy rating on Polycab India and UBS initiated coverage on SBI Cards with a neutral rating.
The Steel Rebar contracts, outlined in accordance with the Exchange s Rules, Bye-Laws, and Business Rules, bring forth standardized specifications and trading parameter.