GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of railway PSU stocks RVNL and IRFC on Tuesday rallied 8% to Rs 322 and 5% to Rs 181 respectively on BSE after the Q4 profit rose while IRCON International shares jumped 8% to a fresh peak of Rs 296 ahead of its Q4 results due today. RVNL shares jumped in reaction to the company posting a 25% year-on-year (YoY) increase in its net profit to Rs 433.32 crore for Q4FY24, while the revenue from operations stood at Rs 6,700.69 crore, up by 17% YoY. The company also announced a dividend of Rs 2. 11 per share for the financial year 2024. Profit for IRFC jumped to Rs 1,717.3 crore for the fourth quarter, up from Rs 1,285.24 crore in the comparable quarter last year. The company’s revenues also witnessed an increase to Rs 6,473.11 crore from Rs 6,193.11 crore in Q4FY23. IRFC announced a dividend of Rs 0.70 per share to its eligible shareholders. IRCON International is set to announce its fourth-quarter results later in the day today. “Pursu...

[hfe_template id='11223'] [ad_1] Shares of rail company Jupiter Wagons today rallied up to 10% to hit a fresh 52-week high of Rs 448.85 on reporting yet another robust set of results in the March quarter where revenue/EBITDA/PAT saw a strong growth of 57%/60%/167% YoY led by higher volume growth and better margin. Domestic brokerage firm Systematix raised the target price to Rs 535 from earlier Rs 474 saying that the company is now completely integrated with a series of backward integration, superior margins, entry into high growth e-LCV market, and strong industry tailwinds. The company manufactured the highest-ever 2,520 wagons during the quarter, a whopping 64.5% YoY/31% QoQ growth which corresponds to a run rate of 840 wagons/month. ALSO READ | L&T shares fall 6% as brokerages cut target prices after Q4 results. Should you buy or sell? "As a result, revenue increased sharply by 57% YoY/+25% QoQ to ₹11.1 bn. This was further bolstered by a 35% growth in CV bo...