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.
Foreigners pull out money from govt. bonds after 2 months of buys
Foreign investors have sold Indian government bonds since August. Global yields have risen significantly, impacting investment decisions. Bloomberg’s decision to defer local debt inclusion also