Railway wagon makers surge on ₹40,000 crore tender news
pre-market1 source ↓written by the desknot a recommendation
- today
- 8.5%
- mega-tender
- ₹40,000 crore
- by Indian Railways
- 100,000 wagons
Shares of major railway wagon manufacturers surged up to 8.5% today, driven by reports of a ₹40,000 crore mega-tender for 100,000 wagons by Indian Railways. This procurement plan is expected to provide long-term order book visibility and sustain high capacity utilization for the sector. Additionally, Jupiter Wagons Limited is diversifying into the green energy segment, further boosting market sentiment.
Not investment advice. For informational purposes only.