Afcons Infrastructure shares surged following a significant contract win. The company will construct a 10.14-km breakwater for Vadhvan Port in Maharashtra. This project is valued at Rs 5,301 crore. The breakwater is expected to be one of the world’s longest upon completion. This development highlights Afcons’ expertise in large-scale marine infrastructure projects.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may