Top 5 Stocks to watch for railway PSU stocks are RVNL, IRFC, IRCON, IRCTC and RITES. Top 5 Stocks of Railway PSU have demonstrated impressive performance in recent times, fueled by Significant Market Cap Growth. The performance of Top 5 Stocks of Railway PSU is influenced by various factors such as government policies, infrastructure development, and economic conditions.
Railway PSU (Public Sector Undertaking) stocks in India are companies owned or controlled by the government that are involved in various aspects of the railway industry. These companies are listed on the stock exchanges and offer investment opportunities for the public.
Top 5 Stocks to Watch for railway PSU stocks are:
1) Indian Railway Catering and Tourism Corporation (IRCTC): This Company is responsible for online ticketing, catering, and tourism services of the Indian Railways.
IRCTC (Indian Railway Catering and Tourism Corporation) share price has been demonstrating a fluctuating yet overall positive performance in recent times with Market Capitalization at ₹83,444 Cr.
As of July 14, 2024 the IRCTC Share Current Price is at ₹1,043.00. The share price increased 1.32% compared to the opening price of ₹1,031.00. Day’s Range at ₹1,022.25 (low) to ₹1,059.45 (high)
- IRCTC Share Price 1-Month Performance: up 2.44%
- IRCTC Share Price 6-Month Performance: up 7.81%
- IRCTC Share Price 1-Year Performance: up 67.46%
- Overall Performance: 52-Week Range at ₹614.50 (low) to ₹1,138.90 (high)
2) Rail Vikas Nigam Limited (RVNL): RVNL is involved in the development of railway infrastructure projects. RVNL has been a top performer in the railway PSU sector, with its share price showing significant growth in recent times.
- As of July 12, 2024, RVNL was trading at ₹625.75 on the NSE, with a slight dip of -0.67% compared to its opening price of ₹628.00. The day’s high was ₹645.00, and the low was ₹610.15.
- The stock has delivered a staggering 415% return within the past year. Over the past 52 weeks, RVNL’s share price has ranged from a low of ₹117.05 to a high of ₹645.00, indicating significant volatility and upward momentum.
3) Indian Railway Finance Corporation (IRFC): IRFC is the dedicated financing arm of the Indian Railways, raising funds for various railway projects.
IRFC share price has been demonstrating strong performance in recent times, driven by positive market sentiment and strong fundamentals.
- As of July 12, 2024, IRFC was trading at ₹216.40, marking a 5.06% increase compared to its opening price of ₹206.00. The day’s high reached at ₹224.40, and the low touched at ₹204.40.
- Over the past month, the stock has gained 24.15%.
- In the last three months, it has shown a growth of 49.64%.
- Over the past six months, it has increased by 91.74%.
- In the last year, IRFC has delivered an impressive 567.99% return.
- Overall Performance: The 52-week high for IRFC stands at ₹224.40, while the 52-week low is ₹32.35, showcasing significant volatility and upward momentum in the stock price.
4) Ircon International Limited: Ircon is involved in the construction of railway infrastructure projects in India and abroad.
IRCON International Limited’s share price has shown a remarkable performance in recent times, reflecting positive market sentiment and strong growth potential.
- As of July 12, 2024, IRCON shares closed at ₹336.75 on the NSE, marking a significant 5.27% increase compared to its opening price of ₹321.50. The day’s high reached ₹349.45, while the low touched ₹319.00.
- Over the past year, IRCON has yielded an impressive return of 601.67% compared to the Nifty Infrastructure’s return of 96.44%.
- In the year ending March 31, 2024, IRCON outperformed its 5-year average ROE, delivering 15.83%.
- Overall Performance: The 52-week high for IRCON stands at ₹349.45, while the 52-week low is ₹79.00, showcasing significant volatility and upward momentum in the stock price.
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5) RITES Limited: RITES is a consultancy company providing engineering and management services to the transport infrastructure sector.
RITES Limited’s share price has shown a remarkable performance recently, reflecting strong investor confidence and robust growth prospects.
- As of July 13, 2024, RITES was trading at ₹768.00 on the NSE, representing a 6.36% increase compared to its opening price of ₹725.80.
- The day’s high reached ₹794.00, while the low touched ₹722.20.
- Over the past month, the stock has gained 13.56%.
- In the last three months, it has shown a growth of 10.76%.
- Over the past six months, it has increased by 48.22%.
- In the last year, RITES has delivered an impressive 99.38% return.
- Overall Performance: The 52-week high for RITES stands at ₹825.95, while the 52-week low is ₹371.30, showcasing significant volatility and upward momentum in the stock price.
Top 5 Stocks of Railway PSU Performance:
Top 5 Stocks of Railway PSU have demonstrated impressive performance in recent times, fueled by Significant Market Cap Growth.The combined market capitalization of Top 5 Stocks of Railway PSU (RVNL, IRFC, IRCON, IRCTC, RITES) has surged by over ₹2 lakh crore in 2024 so far.
Multibagger Returns: Several railway PSU stocks have delivered multibagger returns, with RVNL notably achieving 415% returns within a year.
Factors Driving Growth for Top 5 Stocks of Railway PSU Performance:
- Government Focus and Investment: The Indian government’s increased emphasis on railway infrastructure development and modernization has boosted investor confidence in the sector.
- Strong Financial Performance: Top 5 Stocks of Railway PSU have reported robust financial results, including increased revenue and improved profitability, further attracting investors.
- Positive Economic Outlook: The overall positive economic outlook for India, coupled with a strong focus on infrastructure development, has further fueled the growth of Top 5 Stocks of Railway PSU.
Top 3 Stocks to Buy with Notable Performers:
- RVNL Share has been a top performer, delivering significant returns due to its strong order book and project execution capabilities.
- IRCTC has seen its share price rise due to increased demand for its services and expansion into new areas.
- RITES Limited share price has shown a remarkable performance recently, reflecting strong investor confidence and robust growth prospects.
Overall, the future outlook for Top 5 Stocks of Railway PSU remains positive, with continued government support and investment expected to drive further growth.
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