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Railway stocks: On track for long-term compounding

February 19, 2020 / 05:10 PM IST
Railway stocks: On track for long-term compounding

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Highlights - Cos boast strong execution track record - Robust order book provides strong revenue visibility - Profitability to remain strong in Q4FY20 - Huge cash, almost zero debt adds to balance sheet strength - Valuations attractive supported by good dividend yield Companies in the railway engineering and construction space continue to deliver strong growth on the back of a robust order book. The companies that we are tracking in this space -- IRCON International and RITES -- have reported good growth in revenues in the first nine months of...

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