RAILWAYS NEWS
Railway stocks surge up to 17% on order boost
Railway stocks surged as Minister Ashwini Vaishnaw announced 12,500 new coaches, and RVNL partnered with Delhi Metro Rail. IRCON, BEML, Railtel, Texmaco Rail Engineering, and IRFC saw gains.
Share price of IRCTC jumps as Sensex gains 199.17 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
Share price of IRCTC falls as Sensex gains 483.26 points
A total of 114,429 shares changed hands on the counter till 02:05PM (IST)
Buy the dip in Titagarh Rail as share price can touch Rs 2,000 in near term: Kunal Shah
"The Nifty index experienced a strong momentum rally over the past 3-4 days, followed by some profit booking at higher levels. The immediate resistance stands at 24,200, and a sustained move above this level will confirm the continuation of the ongoing uptrend."
Engine, few coaches of Ernakulam-Tata Nagar Express detach from main train in Thrissur
The engine of the Ernakulam-Tata Nagar Express separated from the main body of the train in central Kerala on Friday morning. Railway sources reported that the detachment occurred at the third coach around 9:30 am. The incident did not cause injuries, and the problem was resolved promptly, allowing the train to continue its journey. The exact cause of the separation is under investigation by railway officials.
Share price of IRCTC jumps as Sensex gains 301.65 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
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IRCTC shares up 0.2% as Nifty gains
The stock quoted a 52-week high price of Rs 1148.3 and low of Rs 614.45.
Fact Check: IRCTC clears false claims about e-tickets bookings; All you need to know
The spokesperson said up to 12 tickets per month can be booked from an individual's account and if the account-holder is Aadhar-authenticated, he can book 24 tickets per month, provided at least one of the travellers on each ticket is also Aadhar-authenticated.
Quant Mutual Fund added 27 stocks to its portfolio in May. Do you own any?
Quant Mutual Fund is under Sebi inquiry for suspected front-running, leading to search and seizure operations in Mumbai and Hyderabad.
Share price of IRCTC jumps as Sensex gains 84.23 points
A total of 215,598 shares changed hands on the counter till 11:11AM (IST)
GST Council Meeting: Railway Platform tickets exempted from GST, biometric authentication push & other key decisions
At its 53rd meeting in New Delhi, the GST Council decided to implement nationwide biometric authentication to combat fake invoicing. Finance Minister Nirmala Sitharaman announced retrospective amendments to input tax credit timelines under the CGST Act from July 2017. The meeting, the first since the new government took office, also addressed various operational issues and recommended uniform GST rates for milk cans and carton boxes.
Share price of IRCTC jumps as Sensex gains 14.44 points
A total of 51,389 shares changed hands on the counter till 10:10AM (IST)
Cockroach found in food served in Vande Bharat train. IRCTC apologises
A couple found a cockroach in their meal on the Vande Bharat train. This was not the first incident of its kind on the Vande Bharat train. In February, a passenger named Dr. Shubhendu Keshari also found a dead cockroach in the food while traveling from Kamlapati to Jabalpur Junction.
Kanchanjunga Express Accident: No one knows what is happening in the railways these days, says Mamata Banerjee
Kanchanjunga Express Accident: West Bengal Chief Minister Mamata Banerjee criticized the central government following a train accident involving the Kanchanjunga Express, stating that the current state of affairs in the railways is unclear. She highlighted her tenure as Railways Minister, mentioning her implementation of anti-collision devices that significantly reduced train accidents. Banerjee expressed concerns over issues within the Railways Ministry, including the discontinuation of a separate Railways budget and perceived lack of importance given to the department.
IRCTC shares gain 1.62% as Sensex rises
A total of 67,057 shares changed hands on the counter till 10:35AM (IST)
Kanchanjunga accident: Why was the goods train driver allowed to pass red signals? Here's what internal documents show
The goods train that rammed into the Kanchanjunga Express between Ranipatra Railway Station and Chattar Hat Junction in West Bengal on Monday was allowed to cross all red signals as the automatic signalling had "failed", internal documents show. The document, a written authority called TA 912, was issued to the driver of the goods train by the station master of Ranipatra, authorising him to cross all red signals, a railway source said.
Kanchanjunga Express derailed: PM Modi offers condolences, Railway minister Vaishnaw heads to West Bengal
Kanchanjunga Express accident: Railway Minister Ashwini Vaishnaw traveled to West Bengal to oversee relief operations after a collision between a goods train and the Kanchanjunga Express near Rangapani station, resulting in five fatalities and approximately 30 injuries. Prime Minister Narendra Modi expressed condolences and highlighted ongoing rescue efforts by Railways, NDRF, and SDRF.
Will PM Modi continue to deprive Odisha of its fair share: Congress
The Congress has accused the central government of reducing Odisha's central funding and questioned whether Prime Minister Narendra Modi will continue this trend. Congress leader Jairam Ramesh highlighted that central transfers and the state's share of Union taxes have decreased, as noted by CAG reports. He also mentioned the stalled Sitalapalli rail wagon factory project and other delayed railway projects.
IRCTC shares up 0.9% as Nifty gains
A total of 97,062 shares changed hands on the counter till 12:37PM (IST).
Sealdah station upgrades disrupt train services for second day, passengers face hardship
Passengers experienced significant disruptions for the second consecutive day on Saturday as numerous suburban trains were canceled or short-terminated due to infrastructure upgrades at Sealdah station. An Eastern Railway official reported that 80 local trains were cancelled, and 147 suburban train services were short-terminated or short-originated to facilitate platform length extensions and an electronic interlocking system upgrade from Friday to Sunday afternoon.
IRCTC shares up 6.35% as Nifty gains
A total of 156,752 shares changed hands on the counter till 10:15AM (IST).
Share price of IRCTC jumps as Sensex gains 2247.76 points
A total of 280,802 shares changed hands on the counter till 11:46AM (IST)
Mumbai's Central Railway starts 63-hour mega block, commuters face delay, overcrowding on local trains
Mumbai Central Railway's suburban services faced delays and overcrowding due to a 63-hour block for platform widening at Thane, causing inconvenience to office-goers. Delays up to 30 minutes and packed trains were reported. CR cancelled six long-distance trains and 161 local services. CR has urged commuters to avoid unnecessary travel and instructed workplaces to accommodate work-from-home options.
Stock Radar: 50% rally in 6 months! This railway stock could hit fresh record highs soon; time to buy?
The stock has breached a 4-month consolidation and this has made room for it to head towards 1,200 levels. If the momentum continues, the stock could hit fresh record highs. The railway stock rose from Rs 696 as of November 28, 2023, to Rs 1,101 on May 27, 2024, which translates into an upside of 58%.
Stocks in news: LIC, Vedanta, IRCTC, RITES, NALCO, Adani Energy Solutions, Timken, CMS Info Systems
India's largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.
Good news for Rapid Rail users: Trial run for Anand Vihar and Ashok Nagar stations to start soon
The trial run of RRTS trains from Sahibabad to Anand Vihar and New Ashok Nagar is set to begin by year-end, marking a milestone in the Delhi-Ghaziabad-Meerut corridor development. Currently, only a 34-km stretch between Sahibabad and Modi Nagar North is operational. Puneet Vats, NCRTC's Chief Public Relations Officer, anticipates completion by June 2025. Stations like Sarai Kale Khan aim for seamless integration, ensuring convenient multi-modal transit.
PSU railway stocks rally up to 8%. What’s the good news?
Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.
Railways records highest ever loading in fiscal 2023-24
During the financial year 2023-24, the Indian Railways achieved a record-high freight loading of 1591 million tonnes (MT), up from 1512 MT in the previous fiscal year. This represents a significant milestone, with the national transporter recording the highest-ever loading in a fiscal, with an incremental loading of 79 MT.
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