​Now coming to Bank Nifty, today Bank Nifty has opened with gap up even above its last two weeks high of 42716 and presently sustaining it. So now if this crosses 43,000 and sustains over there my view will be, targets will be 43200 and 43500.

“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.

“We suggest gradual utilisation of cash in equity portfolios (over 6 months or so) by deploying in broader markets through actively managed mid and smallcap-oriented strategies,” said Yogesh Kalwani - head, investments and family office at InCred Wealth in a report.

“Among the new age tech companies, Zomato stands out best simply because they have a business model which can be profitable as long as they like. They just have to focus on the current business. The reserves combined with commentary could get some upside in the stock near term and then investors will monitor the next few quarters.”

Hindustan Engineering Industries, Commercial Engineer & Body Builders Co (CEBBCO) and Oriental Foundry are the other companies that got the contract, they said. The wagons need to be delivered by fiscal year 2025-26.

Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Last year, the board had approved the rights issue to ensure adequate resource availability for the firm.

The ministry on July 1 invited qualification proposals from private entities to run trains over 109 pairs of routes by introducing 151 modern trains.

In terms of sectors, the Budget was negative for stocks in sectors such as Fertlisers, tobacco, insurance, real estate, and some part of capital goods space.

The company had posted a net profit of Rs 21.02 crore in the year-ago period, Texmaco Rail & Engineering Ltd said in a BSE filing.