Railway stocks extended their Winning Streak on Saturday.Investors are betting on PSU railway stocks in hopes that Government may announce fresh investment proposals for Railways infrastructure development
RVNL infrastructure arm of Ministry of Railways has emerged biggest gainers and has gone up by 77% in current January.Stock had spiked 320% in past one year.
Railtel shares have also been part of Rally.Railtel shares have rallied by over 200 percent in past six months.Currently is trading at 444 on NSE on Friday
IRFC has gained an impressive 500 percent since listing in January 2021 .IRFC has skyrocketed in current month by 57 percent.Currently is trading at 176.25 on NSE on 19/01/24
IRCON International has gained 300 percent in last one year and has outperformed Nifty 50 . In current month IRCON has gained 47 percent an is at an all time high of 267.10
IRCTC has raised by 47 percent in last three months and climbed to 1029.85 on Saturday.Market cap of IRCTC is 81460 crore .
As per media Indian Railways will transform in modern,faster versions and also make huge share in frei cargo in domestic industry as it develops infrastructure.Railways will play important role in net zero carbon target for India