RailTel shares surge: Railway PSU needs to gain another 85% to reclaim earlier highs

Shares of this railway PSU had made a high of ₹618 on July 12 last year. The stock had listed in 2021 with an issue price of ₹94 per share.

Shares of this railway PSU had made a high of ₹618 on July 12 last year. The stock had listed in 2021 with an issue price of ₹94 per share.

According to Ambit, channel checks suggest weaker revenue growth momentum for Tanishq in February and March.

Foreign institutional investors (FIIs) played a crucial role in the rupee’s appreciation. They purchased equities worth ₹7,470.36 crore on a net basis on Friday (March 21).

Since making an all-time high on September 27 last year, the Nifty 50 index corrected 15%, while the Midcap and Smallcap indices corrected over 25% each from their respective peaks.

The benchmark Jakarta Composite Index dropped by as much as 4.2%, marking the steepest single-day decline in nearly a week.

PNGRB is looking to amend the Natural Gas Pipeline Tariff Regulations, 2008 and has sought public comments on the changes by April 11.

On Monday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

According to Nuvama, Jindal Stainless has been navigating through rough waters amid soft export demand and high imports.

Of the 45 analysts that have coverage on the stock, 19 have a “buy” rating, 16 have a “hold” rating and 10 have a “sell” rating.

The potential upgrades to NTPC’s thermal pipeline cannot be ruled out, Macquarie said, while adding that a further clarity is expected on the company’s next long-term growth driver.