Railway stocks including RVNL, Ircon International, and IRFC surged up to 15 percent on July 8 on the back of strong buying interest, after Railway Minister Ashwini Vaishnav said last week that plans are in the works for 2,500 new general passenger coaches and 10,000 additional coaches.Vaishnav's announcement of the production of 50 new Amrit Bharat Trains - a high-speed and luxury train service -...

Indian Railway Finance Corporation (IRFC) Ltd on Monday reported a 34 percent rise in its profit to Rs 1,717.3 crore for the March 2024 quarter on account of higher income. It had clocked a profit of Rs 1,285.2 crore during the fourth quarter of the last fiscal, the state-owned company said in a regulatory filing.The company's stock price jumped 3.67 percent to Rs 179.55 on BSE during early tradin...

Shares of Mazagon Dock Shipbuilders surged 6 percent on January 16 to hit a fresh record high of Rs 2,492 on the National Stock Exchange (NSE) amid high volumes. A total of 27 lakh shares of the firm changed hands on BSE and NSE combined, higher than the 1-week and 1-month average volumes of 14 lakh and 20 lakh shares respectively.The sharp rally drove the market cap of Mazagon Dock to Rs 49,293 c...

MUMBAI: Markets are likely to consolidate on Friday while trends in SGX Nifty suggest a flat opening of Indian benchmark indices. On Thursday, the BSE Sensex ended at 54,843.98, up 318.05 points or 0.58% and the Nifty was at 16,364.40, up 82.15 points or 0.50%.Most Asian equity markets continued to ignore record highs hit elsewhere in the world and fell in early trading on Friday, though Australia...

Indian Railway Finance Corporation (IRFC) on Tuesday reported a Q4 standalone net profit at Rs1,482.5 crore as compared to Rs654.6 crore in the same quarter last year. The revenue witnessed a growth of 39% at Rs4,455 crore as against Rs3,205 crore year-on-year (YoY).Shares of IRFC surged after the earnings announcement as it was up nearly 5% to Rs25.95 per share on the BSE on Tuesday.The company's...