On Wednesday, shares of railway companies performed tremendously in the Indian stock market and gave excellent returns to investors. The shares of several railway sector companies saw fast, including IRCON International, Railtel, RVNL, Texmaco Rail and Titagarh Rail Systems. These shares saw a rise of up to 13% during the day -long trading.
IRCON International shares
Railway engineering and infrastructure company IRCON International shares jumped 13% to ₹ 220.45. The company has recently received a large EPC (Engineering, Procurement and Construction) project of ₹ 1068.3 crore from East Central Railway, which has further increased the trust of investors. In the last one month, IRCON shares have increased by more than 38%. The highest level of this stock of this stock is ₹ 351.65, which is clear that there is a possibility of further growth.
Rail Company-Railtel’s shares jumped by 12%
Railtel Corporation of India shares also rose more than 12% to ₹ 449.10 on Wednesday. The company has recently chosen Techno Electric & Engineering as partner to build a 10 MW data center on its land in Noida. The partnership has strengthened Railtel’s business prospects. Railtel’s shares have registered an increase of more than 39% in the last one month. The 52 -week high of this stock has been ₹ 618 and Low ₹ 265.30.
RVNL, Texmaco and other stocks also boom
Rail Company projects also saw a strong jump in the shares of the leading Rail Vikas Nigam Limited (RVNL). The stock rose by more than 7% to ₹ 434.70 on Wednesday. RVNL shares have gained 23% in the last one month.
At the same time, the shares of Texmaco Rail & Engineering were seen trading at ₹ 171.40 with a gain of over 7%. The company works in the railway engineering and wagon manufacturing segment, which can give it long -term benefits. Indian Railway Finance Corporation (IRFC) shares also saw a 4% increase, while Stocks of Titagarh Rail Systems were trading 4% and trading at ₹ 938.80.
Rail company- Why did this increase in shares?
The main reason for the fast in the railway sector (Rail Company) is believed to be the big projects, new partnerships and strong quarterly results. Apart from this, the government announcements of large -scale investment in railway infrastructure have also increased the trust of investors.
What is the message for investors?
Rail Company is becoming attractive in terms of investment for a long time, especially for companies that are also active in digital and infrastructure sector. Stocks like IRcon, Railtel, RVNL can also give good returns in future, although proper research and risk evaluation is necessary before investing.
