Engineering Company is Set to Enter the Railways Components Sector as it Enters Into an Agreement to Acquire Escorts Kubota Ltd.’s Railways Equipment Division
Engineering Company is Set to Enter the Railways Components Sector as it Enters Into an Agreement to Acquire Escorts Kubota Ltd.’s Railways Equipment Division

Engineering Company is Set to Enter the Railways Components Sector as it Enters Into an Agreement to Acquire Escorts Kubota Ltd.’s Railways Equipment Division

The Indian Railways market presents a compelling opportunity, driven by several long-term growth factors and significant entry barriers.

Kiran Shroff Article rating: 3.5

RED has one of the most extensive product portfolios amongst railway component suppliers in India.

Rs 22,600 crore order book: LIC-backed auto stock with high ROE & high ROCE reports 31 per cent increase in net profit in FY24; FIIs & DIIs increase stake!
Rs 22,600 crore order book: LIC-backed auto stock with high ROE & high ROCE reports 31 per cent increase in net profit in FY24; FIIs & DIIs increase stake!

Rs 22,600 crore order book: LIC-backed auto stock with high ROE & high ROCE reports 31 per cent increase in net profit in FY24; FIIs & DIIs increase stake!

With 39 new program wins and five new customer additions, the net order book has increased to Rs 22,600 crore from Rs 21,500 crore as of March 31, 2023.

Kiran Shroff Article rating: 4.2

The stock has an ROE of 21 per cent and an ROCE of 24 per cent.

Electrifying Strategy: This company announces exclusive collaboration to bring next-gen electric powertrains!
Electrifying Strategy: This company announces exclusive collaboration to bring next-gen electric powertrains!

Electrifying Strategy: This company announces exclusive collaboration to bring next-gen electric powertrains!

In the last 1 month, the company has shown positive traction

Bhavya Rathod Article rating: 4.0

Equipmake's patented technology offers exceptional power density, efficiency and performance, making it an ideal choice for electric cars, buses and commercial vehicles

High ROE and High ROCE stock: Shares of this automotive company zoomed over 4 per cent after it announced business expansion!
High ROE and High ROCE stock: Shares of this automotive company zoomed over 4 per cent after it announced business expansion!

High ROE and High ROCE stock: Shares of this automotive company zoomed over 4 per cent after it announced business expansion!

Today, shares of the company saw a spurt in volume by more than 3 times on BSE.

Kiran Shroff Article rating: 4.1

he stock has an ROE of 21.48 per cent and a ROCE of 21.55 per cent. It is up by 9 per cent in the last 5 days and over 14 per cent in just 1 month. 

Is the auto sector about to make a new high? Know more here!
Is the auto sector about to make a new high? Know more here!

Is the auto sector about to make a new high? Know more here!

Breached the trend of lower top-lower bottom which indicates the end of correction that started from August 2022 and signals the commencement of fresh up move.

Prasad Chavan Article rating: 4.0

Nifty auto index is considered one of the major sectoral indices on NSE. The Index is primarily used to gauge the performance in the automobile sector in India.   

Like NIFTY 50 Index, the NIFTY Auto Index is also calculated using the free float market capitalization method. The index level reflects the total free float market value of all stocks in the index relative to a particular base market capitalization value.  

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