Rail Vikas Nigam stock surge 13% in 2 days on Rs 1,173-crore railway contracts
RVNL informed that the company said it letter of acceptance from Southern Railway for provision of automatic block signalling in the Taduku-Renigunta section in the Southern Railway. The project cost is worth Rs 38.97 crore.
Trade Spotlight | What should you do with Navin Fluorine, Rail Vikas Nigam, Hikal on Friday?
Navin Fluorine International was the biggest gainer in the futures & options segment, rising 5.56 percent to Rs 4,123.65, the highest closing level since December 26, 2022 and formed robust bullish candle on the daily charts with significantly higher volumes. It has decisively broken consolidation range seen in last one week.
Trade Spotlight | What should you do with HDFC Life Insurance, Rail Vikas Nigam, Max Financial Services on Wednesday?
Max Financial Services was also in action, rising nearly 4 percent to Rs 710 and there was formation of large bullish candle on the daily charts with above average volumes, with making higher high for third straight session. In fact, Tuesday's breakout was after couple of weeks of consolidation. The stock has seen a breakout of long downward sloping resistance trend line adjoining September 20, and December 19, 2022.
Railway stocks on racetrack as investors place tactical bets
“Railway stocks are generally a tactical play. This means investors are buying these stocks as a short-term investment bet based on the anticipation of some announcement from the government,” said Awanish Chandra, Head of Equities, SMIFS.
Rail Vikas Nigam Ltd was Incorporated in 2003 by the Govt. of India, it is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, majo......read more
Bank of India: The public sector bank has changed its Repo-Based Lending Rate (RBLR) to 7.75 percent with immediate effect, from 7.25 percent earlier. The revision is on account of the upward revision in repo rate announced by the RBI, on June 8 in its monetary p......read more
ONGC: The Government of India proposed to sell more than 9.43 crore equity shares (0.75 percent of the total paid-up equity) through an offer for sale on March 30 and March 31. The government also has an option to sell another lot of more than 9.43 crore equity sha......read more
Indian Railways Plans Four New Bullet Train Corridors Connecting 9 Cities
Under the National Rail Plan, Indian Railways is planning to add four new bullet train corridors that will connect nine more cities to the high-speed rail network. The corridors to be proposed include a 618 km-long corridor between Hyderabad and Bangalore, an 855 km-long route between Nagpur and Varanasi, an 850 km-long way between Patna and Guwahati and a 190 km-long corridor connecting Amritsar, Pathankot and Jammu.
RVNL has a great value proposition and recent rise has investors realising it. Todays fall is only short term profit booking which should abate in this week. The stock should stabilise around 36-38 within this week before starting next leg of rally. I see......read more