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Election 2024 : Top 5 Stocks 🚀 Don't Miss
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#budget2024 #budget #stockmarket
Stocks to watch
Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), Ircon International, NBCC (India), RailTel Corporation of India and Texmaco Rail & Engineering were among the stocks in focus.
Shares of RVNL gained for the tenth straight session, IRFC, Ircon International jumped in nine out of 10 sessions, NBCC India rose for the second straight day, RailTel advanced in 13 out of 15 sessions, and Texmaco Rail gained in 11 out of 15 sessions.
With these higher allocations, the order book this year has surged and these firms are likely to get further orders.
Analysts anticipate railway firms to achieve a revenue CAGR of 17 percent from FY23 to FY26, driven by increased allocations. They see potential upside to revenue growth assumptions due to robust domestic demand and improvements in both private and public spending. Analysts emphasised that the railways must address safety and punctuality issues to enhance operational efficiency.
Disclaimer: This video is only for educational purposes only. We are not SEBI REGISTERED. Please consult your financial advisor
Stocks to watch
Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), Ircon International, NBCC (India), RailTel Corporation of India and Texmaco Rail & Engineering were among the stocks in focus.
Shares of RVNL gained for the tenth straight session, IRFC, Ircon International jumped in nine out of 10 sessions, NBCC India rose for the second straight day, RailTel advanced in 13 out of 15 sessions, and Texmaco Rail gained in 11 out of 15 sessions.
With these higher allocations, the order book this year has surged and these firms are likely to get further orders.
Analysts anticipate railway firms to achieve a revenue CAGR of 17 percent from FY23 to FY26, driven by increased allocations. They see potential upside to revenue growth assumptions due to robust domestic demand and improvements in both private and public spending. Analysts emphasised that the railways must address safety and punctuality issues to enhance operational efficiency.
Disclaimer: This video is only for educational purposes only. We are not SEBI REGISTERED. Please consult your financial advisor
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