Latest news with #GrowwNiftyIndiaRailwaysPSUIndexFund
Economic Times
20-05-2025
- Business
- Economic Times
Railway stocks crack up to 6% amid broader market sell-off
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After witnessing a sharp rally in the past few days, shares of railway companies witnessed profit booking today, falling as much as 6% on the BSE amid a broader market sell-off The shares of RITES Ltd registered the highest fall of 6.14%, going down to their day's low of Rs 277, while Titagarh Rail Systems shares fell 5.3% to a low of Rs 887.75. Jupiter Wagons followed closely with a decline of 4.55% to Rs 393.10, while Ircon tumbled 4.7% to Rs 188.00. RVNL shares recorded a 3.6% decrease, touching Rs 415.35, and IRFC fell 3.3% to reach Rs 136.75. Meanwhile, the shares of Texmaco Rail & Engineering also cracked 2.6% to Rs 155.75, whereas IRCTC registered a fall of 1.4%, hitting Rs stocks witnessed a breakout rally recently, which was buoyed by renewed optimism over resumed orders from the railways and a broader bullish sentiment in mid-cap and small-cap stocks."The run-up in railway stocks is part of sector rotation in the market, as currently we are seeing the outperformance in PSU stocks, which had been quite beaten down in the recent market correction," Sunny Agrawal, head of fundamental research at SBI Securities, had a railways PSU-based ETF gained around 16% in the past week, according to an analysis by ETMutualFunds. There are two passive funds focused on railway PSUs—one is an ETF and the other is an index Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund, which also tracks the railway sector, delivered a 16.35% after a sharp rise in these stocks, investors seem to have booked profit as the broader market sentiment turned on the negative side on Monday as the Nifty50 and Sensex slipped around 0.3% on Monday, dragged by losses in IT stocks after Moody's downgraded the US government's credit rating to 'AA1' from 'AAA', in early trade.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
20-05-2025
- Business
- Time of India
Railway stocks crack up to 6% amid broader market sell-off
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After witnessing a sharp rally in the past few days, shares of railway companies witnessed profit booking today, falling as much as 6% on the BSE amid a broader market sell-off The shares of RITES Ltd registered the highest fall of 6.14%, going down to their day's low of Rs 277, while Titagarh Rail Systems shares fell 5.3% to a low of Rs 887.75. Jupiter Wagons followed closely with a decline of 4.55% to Rs 393.10, while Ircon tumbled 4.7% to Rs 188.00. RVNL shares recorded a 3.6% decrease, touching Rs 415.35, and IRFC fell 3.3% to reach Rs 136.75. Meanwhile, the shares of Texmaco Rail & Engineering also cracked 2.6% to Rs 155.75, whereas IRCTC registered a fall of 1.4%, hitting Rs stocks witnessed a breakout rally recently, which was buoyed by renewed optimism over resumed orders from the railways and a broader bullish sentiment in mid-cap and small-cap stocks."The run-up in railway stocks is part of sector rotation in the market, as currently we are seeing the outperformance in PSU stocks, which had been quite beaten down in the recent market correction," Sunny Agrawal, head of fundamental research at SBI Securities, had a railways PSU-based ETF gained around 16% in the past week, according to an analysis by ETMutualFunds. There are two passive funds focused on railway PSUs—one is an ETF and the other is an index Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund, which also tracks the railway sector, delivered a 16.35% after a sharp rise in these stocks, investors seem to have booked profit as the broader market sentiment turned on the negative side on Monday as the Nifty50 and Sensex slipped around 0.3% on Monday, dragged by losses in IT stocks after Moody's downgraded the US government's credit rating to 'AA1' from 'AAA', in early trade.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Mayor
19-05-2025
- Business
- Business Mayor
Railways PSU ETF delivers 16% in a week. Is this the right opportunity for portfolio diversification?
The Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund, which also tracks the railway sector, delivered a 16.35% return. Also Read | Sensex @82,300: Should mutual fund investors alter their investment strategy? These schemes are benchmarked against the Nifty India Railways PSU Index – TRI, which surged 16.46% during the same period. 'The rally in railway stocks is part of sector rotation in the market, as PSU stocks—particularly those that were beaten down during the recent correction—are now outperforming,' said Sunny Agrawal, Head of Fundamental Research at SBI Securities, in a statement to ET Bureau. Agrawal also noted that Tube Investments of India, during its recent earnings call, mentioned that railway order inflows are back on track, easing concerns about a slowdown in the sector. According to a report by ET Bureau, shares of railway-related companies surged in a breakout rally on Friday, riding the bullish momentum in mid-cap and small-cap stocks amid optimism that Railway orders have resumed. The report further highlighted that on Thursday, Rail Vikas Nigam, in a stock exchange disclosure, announced it had received a Rs 115.8 crore contract for upgradation work from Central Railway. Also Read | Flexi Cap vs. Multi Asset Allocation Mutual Funds: Which one is best for you? Separately, Ircon International informed the exchanges on Thursday that it had received a Letter of Acceptance (LoA) from North Western Railway for the 'Provision of Remote Diagnostic & Predictive Maintenance System', valued at Rs 51.6 crore. Despite the recent rally, shares of most railway-related companies remain 10–25% below their pre-correction levels, with the decline beginning in late September. Apurva Sheth, Head of Research at Samco Securities, noted that defence and railway stocks moved in tandem during last year's bull market, and a similar performance trend is playing out again now.
Time of India
19-05-2025
- Business
- Time of India
Railways PSU ETF delivers 16% in a week. Is this the right opportunity for portfolio diversification?
Live Events A railways PSU-based ETF gained around 16% in the past week, according to an analysis by ETMutualFunds. There are two passive funds focused on railway PSUs—one is an ETF and the other is an index Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund , which also tracks the railway sector, delivered a 16.35% schemes are benchmarked against the Nifty India Railways PSU Index – TRI, which surged 16.46% during the same period.'The rally in railway stocks is part of sector rotation in the market, as PSU stocks—particularly those that were beaten down during the recent correction—are now outperforming,' said Sunny Agrawal, Head of Fundamental Research at SBI Securities, in a statement to ET also noted that Tube Investments of India , during its recent earnings call, mentioned that railway order inflows are back on track, easing concerns about a slowdown in the to a report by ET Bureau, shares of railway-related companies surged in a breakout rally on Friday, riding the bullish momentum in mid-cap and small-cap stocks amid optimism that Railway orders have report further highlighted that on Thursday, Rail Vikas Nigam , in a stock exchange disclosure, announced it had received a Rs 115.8 crore contract for upgradation work from Central Ircon International informed the exchanges on Thursday that it had received a Letter of Acceptance (LoA) from North Western Railway for the 'Provision of Remote Diagnostic & Predictive Maintenance System', valued at Rs 51.6 the recent rally, shares of most railway-related companies remain 10–25% below their pre-correction levels, with the decline beginning in late Sheth, Head of Research at Samco Securities, noted that defence and railway stocks moved in tandem during last year's bull market, and a similar performance trend is playing out again now.
Economic Times
19-05-2025
- Business
- Economic Times
Railways PSU ETF delivers 16% in a week. Is this the right opportunity for portfolio diversification?
Live Events A railways PSU-based ETF gained around 16% in the past week, according to an analysis by ETMutualFunds. There are two passive funds focused on railway PSUs—one is an ETF and the other is an index Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund , which also tracks the railway sector, delivered a 16.35% schemes are benchmarked against the Nifty India Railways PSU Index – TRI, which surged 16.46% during the same period.'The rally in railway stocks is part of sector rotation in the market, as PSU stocks—particularly those that were beaten down during the recent correction—are now outperforming,' said Sunny Agrawal, Head of Fundamental Research at SBI Securities, in a statement to ET also noted that Tube Investments of India , during its recent earnings call, mentioned that railway order inflows are back on track, easing concerns about a slowdown in the to a report by ET Bureau, shares of railway-related companies surged in a breakout rally on Friday, riding the bullish momentum in mid-cap and small-cap stocks amid optimism that Railway orders have report further highlighted that on Thursday, Rail Vikas Nigam , in a stock exchange disclosure, announced it had received a Rs 115.8 crore contract for upgradation work from Central Ircon International informed the exchanges on Thursday that it had received a Letter of Acceptance (LoA) from North Western Railway for the 'Provision of Remote Diagnostic & Predictive Maintenance System', valued at Rs 51.6 the recent rally, shares of most railway-related companies remain 10–25% below their pre-correction levels, with the decline beginning in late Sheth, Head of Research at Samco Securities, noted that defence and railway stocks moved in tandem during last year's bull market, and a similar performance trend is playing out again now.
