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Daily Money Show 749 - Railway PSU Selloff and JSW EV Plant
Original: # 749 Daily Money Show | Money Purse Stock Market News
Takeaway
Railway PSU euphoria is unwinding on weak Q3 numbers while JSW's Rs 40,000 cr Odisha EV bet and Genosol's electrolyzer win are fresh themes.
Summary
- Sensex -523 to 71,072; Nifty -166 to 21,616; midcap -2.44%, smallcap -3.19%, Bank Nifty -1.65%; financials dragged Nifty by 87 points
- Railway PSUs (RVNL, IRFC, IRCON, RailTel) under pressure - up 200%+ in 1 year now hit by weak Q3 numbers not justifying stretched valuations plus profit booking
- Genosol Engineering won National Green Hydrogen Mission bid with Matrix Gas - 63 MW/year electrolyzer manufacturing capacity
- JSW Group announced Rs 40,000 cr investment in Odisha for EV+battery manufacturing: 1000 commercial vehicles, 300,000 electric cars, 50 GWh batteries; Lalitha Jewellers Rs 1400-1600 cr IPO filing expected
railway PSUJSWgreen hydrogen
Original description
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