Shares of IRFC, RVNL, IRCTC, and other railway stocks rallied up to 11% on Thursday. Among them, RailTel Corporation was the top gainer, with its quarterly profit doubling YoY. IRFC’s market cap crossed Rs 2.25 lakh crore mark as its shares gained nearly 80% in the last one month. RVNL has delivered 300% returns in the past 12 months. IRCTC shares saw a 2% rise in today’s intraday trading.
Asian stocks weaken as Fed policy doubts simmer
Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US
November 18, 2024