Over the past year, railway stocks have experienced remarkable growth, with investors enjoying significant gains. However, the broader market, including the railway sector, has faced challenges due to increased regulatory scrutiny and market volatility. Shares of Jupiter Wagons Ltd (JWL) are up just about 6% in the last month amid a 331% return in the past year.
Open FlipThe market posted solid gains on the last day of FY24 and extended the winning run on the second consecutive session on March 28 (F&O expiry day) led by buying across the sectors. At close, the Sensex was up 655.04 points or 0.90 percent at 73,651.35, and the Nifty was up 203.20 points or 0.92 percent at 22,326.90. After a positive start, the market expanded the gains as the day progressed.
Open FlipState-owned Indian Renewable Energy Development Agency Ltd's (IREDA) board on Thursday approved a proposal of Rs 24,200 crore borrowing for 2024-25. The borrowing includes fundraising through bonds, perpetual debt instruments (PDI), term loans, commercial papers, and external commercial borrowings (ECB), a regulatory filing said.
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