TITAGARH RAIL SYSTEMS LIMITED

RVNL wins Rs 191.53 crore contract from the South Eastern Railway

Rail Vikas Nigam Limited (RVNL) secured a Rs 191.53 crore contract from South Eastern Railway for a 132 KV traction substation project. The project aims to support a 3000MT loading target on the Raj Khaswan, Nayagarh-Bol section within 18 months. RVNL, a PSU under the Ministry of Railways, reported a 33.16 per cent profit increase in Q4FY24, with revenues rising by 17.38 per cent. Its stock price surged by 5.77 per cent on June 21, 2024.

RailTel, IRCTC among railway stocks rallying up to 9%. What’s the trigger?

Railway stocks like RailTel, IRFC, RVNL, Ircon International, and Titagarh Rail Systems surged up to 9% on BSE today amid positive news flow.

Morgan Stanley playing India's infra boom with these 4 stocks

Morgan Stanley expects a 15.3% CAGR in India's infrastructure investments, leading to $1.45 trillion spending over 5 years. They highlight the impact of PM Gati Shakti on project execution and efficiency improvements.

RVNL shares rise 4% on winning Rs 160 crore project from East Coast Railway

RVNL's shares rose 4% after securing a Rs 160 crore order from East Coast Railway for an automatic block signalling system. The company also won contracts from NTPC and South East Central Railway, contributing to its strong financial performance.

Bengaluru Metro's Yellow line gets a boost: Titagarh rail systems to deliver first trainset in August

Titagarh Rail Systems Limited has started producing trainsets for the Bangalore Metro Rail Corporation Limited's Phase 2 Yellow Line project, a contract with China Railway Rolling Stock Corporation. The first trainset is scheduled for delivery in August 2024. The contract, initially signed in December 2019, faced delays and CRRC sought additional time for delivery.

Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%

They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.

20 MFs add these 7 stocks in May, witness a surge 20-80% in CY24 so far

In May 2024, mutual funds (MFs) continued to have a positive outlook on Indian equities, making net investments of around Rs 48,099 crore. An analysis by ETMarkets revealed that nine stocks were included in the portfolios of more than 20 MFs in May 2024, compared to April 2024. Of these stocks, seven have delivered returns exceeding 20% in CY24 so far, while two underperformed during the same period. (Data Source: ACE MF | ACE Equity)

Minister & Policy Continuity: Will it lead to re-rating getting sustained ? 7 stocks of railway’s ecosystem.

While it became clear on the day of the election result only that the same government is going to continue. Some doubts were raised as to whether there would be a shift in policy focus. A part of the answer has come in the form of portfolio allocation. Some of the key sectors which mattered to the street because they had seen a re-rating and valuations are high, the continuation with the same minister is an indication that government is clearly focussed on continuation not only with a policy focus but it also does not want to waste time in getting a new minister and spending time in him/ her understanding the core work. Now this should bring relief to some companies as their projected plans and workflow will continue. Which means that expected growth which the market has put in its estimates of earning has a high probability of continuing.

These 5 stocks close crossing below VWAP on June 6

On June 6, the closing prices of these five stocks from Nifty500 dropped by more than 1.60% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.

Titagarh Rail Systems opens innovation engineering centre in Bengaluru

Kolkata-based Titagarh Rail Systems Ltd inaugurated an engineering centre in Bengaluru, Karnataka. The centre focuses on innovation and design for TCMS and advanced propulsion systems.

Railways stocks tank up to 33% in 2 days following narrow BJP-led NDA's election win

In today's trade, railway stocks fell by up to 17%. Titagarh Rail shares tumbled 33%, while Ircon declined by over 26%. Meanwhile, RailTel and IRCTC also fell by over 19% in the past two sessions. Shares of RITES, IRFC, RVNL, Texmaco Rail Systems, and Jupiter Wagons saw declines of between 18-23%.

‘Make in India’ under a cloud takes shine off manufacturing

Investors sold manufacturing and infrastructure shares amid concerns over the BJP-led coalition government's performance in the elections, impacting stock indices and specific companies. Analysts suggest a cautious approach towards investments in these sectors.

Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%

In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.

Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending

​In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.

Multibagger railway stock Titagargh rallies nearly 18% in 2 days. What’s cooking?

Titagarh Rail Share Price: Titagarh Rail Systems shares surge 18% to all-time high after stellar Q4 performance. Nuvama raises target price to Rs 1,475. Operating performance remains robust, with optimistic outlook on passenger segment revenues and railway capex. Morgan Stanley also initiates 'overweight' rating.

Gainers & Losers: HAL, M&M among top 6 stocks in spotlight today

Titagargh Rail shares surge 10% after robust Q4 results

Titagarh Rail Systems saw a notable surge of 10% in its shares on Thursday, reaching a peak of Rs 1,216 on the Bombay Stock Exchange (BSE). This increase followed the company's announcement of a substantial year-on-year (YoY) rise in net profit for Q4FY24, amounting to Rs 78.95 crore, marking a 63.7% increase.

Stocks in news: M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech

HDFC Life announced its highest-ever bonus of Rs 3,722 crore on participating plans. This bonus will benefit over 22.23 lakh policyholders.

Titagarh Rail shares jump 9% after Morgan Stanley initiates with overweight rating

Titagarh Rail Share Price: Morgan Stanley sees freight as a significant revenue generator for Titagarh, while also acknowledging the potential of the passenger business for growth. The firm anticipates an impressive 28% earnings compound annual growth rate (CAGR) for Titagarh over the period spanning FY 24-27.

New set of exporters emerging from India? 5 stocks from engineering sector with an upside potential of up to 33%

It has been a long time that engineering major L&T has ventured into exports of engineering services to the Middle East, then it moved into exports of engineering goods. Over the years, there are companies, who specialize in some industries who also have been able to get an entry into the export market. Getting into the export market is not easy and it takes years to get into the market for two reasons. First, global companies tend to be very aggressive in bidding so that new competition does not come in. Second, Indian companies which are sort of a crossover of engineering and capital goods, required the ability to sustain these attempts to get into the esports market at a time when domestic demand was very poor. Now in the last few years, things have improved on the domestic demand and hence these companies were able to put their foot forward into the export market. Will these companies become a new set of exporters from India?

Akash Bhanshali picks stake in this multibagger, trims in 2 other smallcaps

Bhanshali has added Pan Electronics India into his kitty with purchase of a 2.50% stake in the January to March period. The stock has been in top form this year with over 70% returns so far. Over a one-year period the gains extend to 97%. This is significantly higher than the 26% returns given by Nifty in the same period.

HSBC suggests top midcap picks; deeper drop unlikely

HSBC's top midcap picks in Mumbai expected to deliver 9%-55% returns this year. Firm sees midcap opportunities in the sell-off, unlikely deep correction in small and midcaps due to a strong domestic economy and market conditions.

HSBC dispels fears of deeper correction in midcaps. Picks Nykaa, 7 more stocks as buys

HSBC has identified 8 midcap stocks, which could give up to 58% returns. It has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%.