Rail stocks down despite budget vowing to upgrade 40k coaches
Thu, Feb 1, 2024 3:20 PM

Rail stocks down despite budget vowing to upgrade 40k coaches

A Flip by Shubhangi Gupta
Get it on Google Play
Railway stocks showed little change on Feb 1, despite a budget announcement to convert 40k coaches to Vande Bharat standards. Experts say the market had already factored in the positives and Titagarh Rail, Texmaco Rail, and Jupiter Wagons were down by 1-2%. Quant MF CEO believes that although some railway stocks may seem promising, they have already seen significant uptrends in the past 18 months.

More great flips

Kia India aims to double CKD exports by 2030

Kia India aims to double CKD exports by 2030

Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030.To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh.

Open Flip
Vedanta Resources to launch second dollar bond sale amid Adani crisis

Vedanta Resources to launch second dollar bond sale amid Adani crisis

Vedanta Resources Ltd is moving forward with its second dollar bond issuance in two months, seeking investor interest in Indian offshore debt following the recent US indictment of Adani Group founder Gautam Adani in an alleged bribery case. The offering could raise up to $500 million and is seen as a key test for global demand for Indian high-yield credit in the wake of the Adani controversy.

Open Flip
MicroStrategy purchases another $5.4 Billion in bitcoin

MicroStrategy purchases another $5.4 Billion in bitcoin

MicroStrategy Inc. (MSTR) bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings. The enterprise software company purchased the Bitcoin in part with proceeds from a $3 billion convertible senior note offering. The Tysons Corner, Virginia-based firm has been focused on becoming a Bitcoin treasury company.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon