Stocks to Watch, Feb 28: Stocks like Schaeffler India, GE Power India, Coal India, Servotech Renewable Power System, Chemplast Sanmar, Rail Vikas Nigam, Life Insurance Corporation of India, InterGlobe Aviation, SpiceJet, Orient Technologies, Kisan Mouldings, HP Telecom India, and Swasth Foodtech India will be in focus on February 28.
The work order has been issued by Chittaranjan Locomotive Works (CLW), a Railways production unit, located in Chittaranjan, West Bengal.
'Project for equipping 10,000 locomotives has been finalised. Bids for track side works of Kavach for approximately 15,000 RKm have been invited,' says Vaishnaw
The share touched a 52-week high of Rs 706.95 and a 52-week low of Rs 214.70 on 08 November, 2023 and 28 March, 2023, respectively.
About 2,088 shares advanced, 1,459 shares declined, and 174 shares remained unchanged on June 5
These recent developments have sparked optimism among investors, as the government focuses on prioritising safety measures and the deployment of the Kavach system. The companies are well-positioned to benefit from potential government contracts.
Shares of companies supplying equipment to the Railways fell quite sharply on Tuesday as investors do not see any big orders coming their way from announcements in the Rail Budget.
Railway stocks are in focus on Tuesday as railway minister Pawan Kumar Bansal will deliver his maiden Rail Budget at 12 pm in the Lok sabha today. Six out of eight stocks were under pressure.
Railway stocks gained huge buying interest in late trade on Wednesday after Railway Minister Pawan Kumar Bansal announced a hike in railway fares, the first in the last 10 years.
The software, hardware development and systems integration company Kernex Microsystems has been in focus because its railway project in Egypt is expected to generate revenues from the current quarter.
Kernex Microsystems expects to double revenue its revenue this year as the company is anticipating to get final approvals for the supply of multi-section digital axle to the Indian Railways.
SP Tulsian, sptulsian.com, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, spoke about his reading of the market and gave an outlook on his top picked multi-bagger ideas for investments.
Col LV Raju, MD of Kernex Microsystems in an interview with CNBC-TV18 spoke about the latest happenings in the company. He said that the company would be following new markets in Australia, New Zealand, Thailand and Bangladesh very aggressively in the next six months.
In an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, LV Raju, MD, Kernex Microsystems, says he expects more spending on safety from the Railway Minister.