As of 10 AM on Friday, Yes Bank, Voda Idea, IRFC, NHPC and Tata Steel were the top traded stocks among the Nifty 200 index. Here's a technical outlook on the select shares.
Indian Railway Finance Corporation (IRFC), and Engineering, IRCON International, RailTel Corporation of India, RITES, Rail Vikas Nigam (RNVL) and Titagarh Rail Systems have rallied 8 to 15
Shares of RailTel zoomed nearly 16 per cent in intra-day deals on Tuesday and have gained over 43 per cent so far this calendar year.
The recent outperformance (before the sharp fall in past sessions), Jefferies said, was helped by earnings per share (EPS) upgrades and return on equity (RoE) improvement.
The S&P BSE PSU index has gained over 90 per cent in the last one year, rising much higher than the S&P BSE Sensex that has surged nearly 19 per cent during this period, show ACE Equity data
Barring IRFC, RVNL which have rallied sharply in the recent pasts, other rail-related stocks like IRCTC, Titagarh Rail Systems and RailTel could rally up to 23 per cent, suggest charts.
IRFC with market capitalisation of Rs 2.3 trillion today surpassed other state-owned companies like Power Grid Corporation (Rs 2.23 trillion), IOCL (Rs 2.11 trillion) and HAL (Rs 2.01 trillion).
RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.
As many as 274 out of the Nifty 500 stocks held gains as of Jan 19, even as the benchmark BSE Sensex was down 2 per cent for the new year. Here's what charts suggest for select early movers of 2024.
With market cap of Rs 1.74 trillion, IRFC now stands at 41st position in overall market cap ranking on Monday, the BSE data shows.
As many as a combined 92.89 million equity shares of IRFC changed in the first hour of trades on the NSE and BSE.
The stock hit a new high of Rs 100.84, surging 9 per cent on the BSE in Friday's intra-day trade on the back of heavy volumes
The Indian Railway Finance Corporation Limited (IRFC) posted a net profit of Rs 6,337.01 crore for the fiscal year 2023, an increase of over four per cent over last year, a company statement said on Friday. Addressing the Annual General Meeting, Shelly Verma, Chairman and Managing Director of IRFC, said the company reported a total revenue from operations amounting to Rs 23,891.28 crore, a 17.70 per cent year-on-year increase over the last fiscal year. The company has declared a total dividend of Rs 1,960.28 crore which works out to 30.93 per cent of profit after tax for FY 2022-23, she added. Verma said IRFC disbursed an amount of Rs 32,392.63 crore in FY23 to the Indian Railways. The asset under management for FY23 stands at Rs 4,66,938 crore, registering a year-on-year growth of 8.63 per cent. The capital adequacy ratio of IRFC continues to remain strong at 512.02 per cent in FY23, she added.
The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway
Shares of Indian Railway Finance Corporation (IRFC) and MMTC surged by up to 20 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes
Shares of state run financier Indian Railway Finance Corporation (IRFC) hit a record high of Rs 64.50, nearly doubled since July, from the level of Rs 32.35 on the BSE.
News agency Reuters reported the government will aim to sell up to 11 per cent stake in IRFC in multiple tranches, but it is yet to decide the exact quantum of sale
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Currently, Indian Railway Finance with Rs 68,086 crore m-cap stood at 86th position in overall ranking, ahead of Shriram Finance (Rs 67,613 crore) and IDBI Bank (Rs 67,310 crore), the BSE data shows.
The company will continue to receive timely funding from the government through favourable lease agreement, owing to its strategic role as a dedicated funding arm of Indian Railways