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Railway Stock Jumps 5% After Securing ₹265 Cr Orders from JSW Rail Logistics and OPTCL By Trade Brains - Investing.com India
Railway Stock Jumps 5% After Securing ₹265 Cr Orders from JSW Rail Logistics and OPTCL By Trade BrainsInvesting.com India
Two railway stocks surge up to 4% post order wins reported on Friday
Texmaco secured orders worth ₹253.3 crore from JSW (South) Rail Logistics for the manufacture and supply of rakes and wagons, along with a ₹11.5 crore contract from Odisha Power Transmission Corporation. Meanwhile, RVNL received a ₹2,977 crore order from NMDC for setting up buffer stockpiles and a blending yard with a handling capacity of 10 MTPA at Visakhapatnam.
Flipkart extends lead in Indian ecommerce, Myntra widens lead in fashion, says BofA
Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce, and logistics, with AI adoption poised to enhance customer experience and optimize costs.
Texmaco Rail bags Rs 253 crore order from JSW South Rail Logistics
Texmaco Rail & Engineering has received a letter of intent (LoI) worth Rs 253.28 crore from JSW (South) Rail Logistics for the manufacture and supply of BFNSM1 rakes along with BVCM wagons.
Adani eyes Bengal ports, logistics opportunities as SMPK plans tourism push
Kolkata's Syama Prasad Mookerjee Port is set to get a river cruise terminal and museum, boosting tourism. The port aims to increase cargo handling significantly and is undertaking major infrastructure projects. Meanwhile, Adani Group is exploring substantial investments across West Bengal in various sectors, signaling a push for industrial growth and enhanced connectivity.
Reliance New Energy prepares battery-swapping rollout for EV two-wheelers in logistics, delivery segment
Reliance New Energy is set to launch battery-swapping services for electric two-wheelers. This move targets the delivery and logistics sector. The company has secured necessary certifications for batteries and vehicles. Initial trials will occur within Reliance's own fleet. A wider commercial rollout is anticipated by FY27. This initiative supports Reliance's clean energy and electric mobility goals.
West Asia peace deal seen boosting India's textile exports
India's textile exports are set for a boost following the end of the West Asia conflict. European orders are expected to rise, improving profit margins for Indian exporters. This development will help diversify export markets and leverage Free Trade Agreements more effectively. Reduced logistics and production costs are anticipated, enhancing global competitiveness.
Fertiliser, chemical firms may see input cost relief from September quarter: IIFL
Ranjit Cirumalla, Senior Vice President - Research at IIFL, said the expected reopening of West Asia supply routes could ease energy, feedstock and logistics costs for chemical-linked sectors. While supply-side risks are receding, demand growth will depend on monsoon progress and kharif sowing. Refrigerant chemical prices are expected to remain firm through 2026.
Aegis Logistics Ltd spurts 3.5%, up for five straight sessions
Aegis Logistics Ltd is quoting at Rs 977.5, up 3.5% on the day as on 12:44 IST on the NSE. The stock is up 26.09% in last one year as compared to a 4.14% gain in NIFTY and a 9.94% gain in the Nifty Energy.
Ashok Leyland, TaMo, Maruti soar up to 9%; what's driving auto stocks?
Falling crude price is a clear positive for India's automobile and tyre sectors, where raw material and logistics costs are highly sensitive to crude derivatives, say analysts at ICICI Securities.
AVG Logistics gains after securing long-term transportation contract from Haldiram Nagpur
AVG Logistics advanced 2.86% to Rs 172.75 after the company announced that it had secured a long-term transportation contract from Haldiram Nagpur, a leading player in India's FMCG sector.
Honasa Consumer, 6 other stocks hit 52-week highs, rally up to 35% in a month
Despite weakness in the broader market, seven BSE 500 stocks including Honasa Consumer, Aegis Logistics and Gland Pharma scaled fresh 52-week highs, gaining up to 35% over the past month amid strong investor buying.