Railway stocks dip post-Budget announcement as railway expenditure less.
Fri, Feb 2, 2024 2:30 PM

Railway stocks dip post-Budget announcement as railway expenditure less.

A Flip by Avya Verma
Get it on Google Play
Following Finance Minister Nirmala Sitharaman's interim Budget speech, railway-linked stocks like IRFC, RVNL, and Railtel saw a 3-5% drop in their stock prices. Despite expectations, the allocated capital expenditure for Indian Railways is marginally higher than last year's budget. Analysts were hopeful for an increase in Dedicated Freight Corridor, rolling stock, and High-Speed Rail Networks.

More great flips

Five-Star Business shares slip 9% as AUM guidance cut disappoints Street

Five-Star Business shares slip 9% as AUM guidance cut disappoints Street

Shares of Five-Star Business Financed extended their decline on October 31, sliding another 9% to Rs 698 after a 13% drop on October 30. The two-day fall has brought the stock down by nearly 19%, despite the company’s strong quarterly performance for the September period. The sell-off began Wednesday when the company, in its earnings call, revised its AUM growth outlook down to 25%.

Open Flip
Muhurat Trading 2024: Date, time, other details you must know this Diwali

Muhurat Trading 2024: Date, time, other details you must know this Diwali

Muhurat Trading 2024: Amid Diwali 2024 celebrations, Indian stock market is getting ready for the annual Muhurat Trading session, a special one-hour event that takes place every year on the festival of lights. According to the information available on the Indian stock market exchanges, the special one-hour Muhurat trading 2024 session will take place on 1st November 2024 from 6:00 PM to 7:00 PM.

Open Flip
Reverse flip rush of start-ups into India may lead to Rs 20k-cr tax boost

Reverse flip rush of start-ups into India may lead to Rs 20k-cr tax boost

India’s tax department could see a substantial boost in revenue- around Rs 20,000 cr- over the next year as several start-ups look to “reverse flip” their overseas corporate structures back to India. Over half-a-dozen major VC backed companies, including Flipkart and Pine Labs, are in process of shifting their international structures to India, enabling them to be eligible for domestic listings.

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