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Source: Live Mint Railway stocks including IRFC, IRCTC, RVNL and RailTel Corporation gained up to 2% on Friday amid increased buying momentum. While these multibagger railway stocks have seen a modest recovery from recent lows, they remain significantly below their 52-week highs. Rail Vikas Nigam Ltd (RVNL) shares have surged 161% year-to-date (YTD) and delivered…
Source: Business Standard 5 min read Last Updated : Oct 11 2024 | 12:02 PM IST Even as the benchmark equity indices scaled fresh peaks in September shares related to Indian railways continued to under-perform and languish below key moving averages. Among these momentum stocks such as RVNL and IRFC which had witnessed a…
Source: Live Mint The Indian equity markets have experienced a recent pullback following a record-breaking rally. In a recent note, analysts at Kotak Institutional Equities highlighted that investors seem to be overlooking concerns about high valuations. They believe that the pursuit of returns has outweighed the fear of risks, whether apparent or hidden. The brokerage…
