Monday, April 21
Amid reports that the upcoming Union Budget would hike capital expenditure allocation for Indian Railways by 15-20% for FY26, rail stocks rallied up to 9% with RVNL and Ircon leading the upside.RVNL shares were the top gainers within the railway pack, rallying up to 9% to reach the day's high of Rs 406.10 on the BSE. Shares of PSU Ircon were also trading 7% higher. RITES shares rose by about 4%, while IRFC, RailTel, and BEML were trading around 3% higher.Among private rail stocks, Jupiter Wagons shares rallied by 6%, while Titagarh Rail, Texmaco, Oriental Rail, and Ramkrishna Forgings were trading 2-3% higher each.Finance Minister Nirmala Sitharaman may raise the total capital expenditure allocation for railways to more than Rs 3 lakh crore from the Rs 2.65 lakh crore in FY25, according to
Shares of Swiggy rallied 5.7% to an intraday high of Rs 514.80 on the BSE after the company informed that the Ministry of Corporate Affairs approved the incorporation of its new subsidiary Swiggy Sports Private Limited.“In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Ministry of Corporate Affairs, Central Processing Centre has approved incorporation of Swiggy Sports Private Limited, a wholly owned subsidiary of the Company, today, January 15, 2025,” said Swiggy in its filing to the exchanges.The company informed that the main objective of the newly incorporated entity will include engaging in sports team ownership, management, talent development, event organization, and
