Shares of railway companies, including IRFC, Ircon, Texmaco Rail & Engineering, Oriental Rail Infrastructure, Jupiter Wagons, and Railtel Corporation Of India, have tripled investors’ money, rising between 209-367%. Container Corporation Of India has seen the smallest rise at 46%. The government’s focus on the railway sector, with fresh capital infusion, dedicated freight corridors, new Vande Bharat trains, and other high-speed projects, has fueled the surge in these shares.
Investors not inclined to ‘sell India buy China’ but to ‘sell India buy USA’: Samir Arora
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not
November 16, 2024