Railway stocks have been on a tear, with some gaining as much as 50% in just two weeks. What's driving this rally?
Railway StocksIndian RailwaysRail Vikas Nigam LimitedIndian Railway Finance CorporationIrcon International LimitedReal EstateJul 14, 2024
Government initiatives, robust capital expenditure plans, and stock-specific developments are driving the rally in railway stocks.
Rail Vikas Nigam Limited (RVNL) has seen the highest gains, surging 51% in just two weeks.
IRFC is the main borrowing arm of Indian Railways, financing the acquisition/creation of assets.
The upcoming Union Budget is expected to bring more government investment outlays, further driving the rally in railway stocks.
Ircon International is an integrated engineering and construction PSU, specializing in large and technologically complex infrastructure projects.
India's infrastructure and real estate sectors are expected to receive a massive investment of Rs 15 lakh crore by March 2026, according to Crisil Ratings.
The project is expected to revolutionize urban mobility and real estate in Thane, with the Maharashtra Metro Railway Corporation Limited (MMRCL) spearheading the initiative.
An elderly lawyer fell victim to a sophisticated scam by a woman claiming to be from London. The scam artist, posing as a real estate business owner and gold trader, managed to dupe him of Rs 6 lakh through a series of convincing messages on WhatsApp.
German Real Estate: Global real estate firm Jones Lang LaSalle (JLL) reported that property transactions in Germany increased to 35.3 billion euros in 2024, up 14% from the previous year's slump.
Explore the latest trends in home prices across India's top eight cities, including Pune, Mumbai, and more. Discover how market dynamics and economic factors are influencing property values in 2024.
Casagrand Millenia, a prominent real estate developer, has made a significant move by acquiring a piece of land in Wagholi, Pune, for Rs 126.04 crores. This strategic acquisition is set to bolster the company's presence in the bustling real estate market