Railway-linked stocks like IRCTC, RVNL, and Jupiter Wagons fell significantly, with declines up to 8%, after the Union Budget FY26 did not meet expectations for a huge increase in railway capital expenditure. The government allocated the same Rs 2.5 lakh crore for railway capex as last year, dampening short-term growth prospects for the sector.
Tata Communications Q1 Results: Cons PAT falls 43% YoY to Rs 190 crore, revenue up 7%
Tata Communications reported a 43% YoY drop in Q1FY26 net profit at Rs 190 crore. Revenue rose 7% to Rs 5,960 crore. Sequentially, profit plunged