GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Ircon International climbed as much as 8.1% on Friday to Rs 191.9 on the BSE after the company announced a work order worth Rs 51.61 crore from North Western Railway for installing a Remote Diagnostic and Predictive Maintenance System across multiple divisions in Rajasthan. In a filing dated May 15, Ircon International disclosed the receipt of a Letter of Acceptance from North Western Railway for the provision of a Remote Diagnostic & Predictive Maintenance System. The project covers the RE-MD section of Jaipur Division, MD-PNU section of Ajmer Division, RE-BTI section of Bikaner Division, and MTD-LUNI section of Jodhpur Division. The total value of the order is Rs 51.61 crore and the contract is scheduled to be completed within 24 months. The company clarified in its statement that the order is a domestic work contract and does not fall under related party transactions. Stock performance and technicals Ircon shares have gai...

[hfe_template id='11223'] [ad_1] Synopsis Last week, when the street was awash in red, one set of stocks saw a sudden spike: Railway stocks. One sector outperforming a strong bearish market is uncommon. But when it is a sector like railways, which did very well between January and July 2024 and has since been underperforming, it begs a few questions. One: Has the underperformance shaved off weak hands from the counters? Two: Does the street believe that valuations have corrected enough for it to give these stocks another look? Finally: As the growth of these companies is driven by government spending, will they get a boost after the budget? In an extremely bearish market, railways stocks have suddenly seen a jump. Now, all these stocks have been underperformers in the past few months. In fact, their underperformance began even before the major corrective phase was sparked by FII selling in October. So why this sudden burst of energy? Before deciding on whether to sell or...