This railway stock surges over 50% in five sessions; did you miss the rally?
The PSU stock has delivered nearly 300% returns in the last ten months, hitting a new all-time high of ₹114.62 intraday from its 52-week low of ₹29 touched on June 21, 2022.
Railways’ FY23 revenue surges 25% to ₹2.40 lakh cr
Freight revenue, too, rises 15% to ₹1.62 lakh crore; passenger revenues hit an all-time high growth of 61% at ₹63,300 crore.
Stainless steel demand likely to grow 9% in next three fiscals: Crisil
Sector’s capital expenditure is set to rise, but credit profile of domestic stainless steel manufacturers are expected to remain healthy in FY24, says Crisil
Historic allocation to Rly will boost productivity of Indian economy: Ashwini Vaishnaw
Unlike previous years, the railway ministry got a higher jump in annual outlay for infrastructure upgrade.
This PSU stock surges 15% on bagging new order; zooms 100% in 6 months
The railway stock has risen 133% against its 52-week low of ₹29 touched on June 21, 2022.
The Infra Multiplier
The steep budget allocation for FY24 capex is intended to keep the GDP growth ticking. But has capex succeeded in creating the multiplier effect in the economy?
Budget 2023: Tax relief won’t spur consumption, say experts
The FM has announced an increased capital investment outlay by 33.4% to ₹10 lakh, which could lead to employment generation in the mid to long-term and hence an increase in demand-led consumption
Budget 2023: Rly, Highway lead capex charge, bag ₹4,98,605 cr outlay
The capital allocation to the highway ministry for 2023-24 stands at ₹2,58,605 crore.
Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
Rail-related stocks surge on rise in budgetary allocation for Railways
Boosted by record rise in capex for Railways, shares of IRCTC, Siemens, RVNL, KEC International, Titagarh Wagons rose up to 4% on the BSE.