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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Shares of star performers have taken a beating in recent months. But given the size of the railway opportunity, all indications are that this is just a blip.
India’s Rail stocks have gone completely off track. Shares of some of the stars in the space, such as Rail Vikas Nigam Ltd (RVNL), Jupiter Wagons and Titagarh Rail Systems, have seen 30-40% of their value evaporate in the last four months.
A far cry from the heady past two years that saw the RVNL stock run up 2,100% while Titagarh and Jupiter clocked gains of 1,675% and 1,200%, respectively.
The euphoria around rail stocks was largely the result of investors picking up on the government’s signals that it was going to go big on capital expenditure to upgrade everything …
A strategic response is needed to tackle the burgeoning trade deficit with China, which reached alarming proportions at $101.02 billion in 2022. What we have instead is a dose of whataboutery from the government.
The cash-rich, debt-light company, which counts the railways as its top client, is riding a wave of an upbeat rail freight market. But will its commercial EV plans come to fruition?
The company is targeting Indian startups with its AI Innovate programme.
