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Railway stocks RVNL, RailTel gain up to 7%; experts see valuation comfort

Reported by: Business Standard ·

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Rail Vikas Nigam

Summary

Business Standard reported that shares of railway companies RVNL and RailTel rose by up to 7%. The outlet said experts linked the gains to positive investor sentiment towards the railway sector after almost two years of underperformance. The report did not give the closing prices, the exact date of the move or the names of the experts. RVNL is Rail Vikas Nigam Ltd, a listed company that builds rail infrastructure, and RailTel is a listed telecom and IT services firm under the railways. A gain of up to 7% means the shares rose by that much at their highest point in the session, not that they closed there. The report also carried analysts' views on the sector; this is the analysts' view, not Hypeless's.

AI summary of what Business Standard reported. AI can make mistakes. Read the full story on Business Standard

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Business Standard  · · Tone +1

Railway stocks RVNL, RailTel gain up to 7%; experts see valuation comfort

Experts said that the gains in railway stocks reflect positive investor sentiment towards the sector after almost two-year of underperformance.

Some headlines quote an analyst. Those views are theirs, not ours.

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