If we look at the share market, there is a good rise in railway stocks, shares like RVNL and IRCON have shown amazing upward movement. After the quarterly results of RVNL, a positive rally has also been seen in the company’s stocks.
Shares of the rail company have risen by more than 70% in the last six months. What happened that these stocks suddenly started running away? Let us talk about it in detail:-
Amazing rise in Railway Stock
These days, railway stocks are gaining momentum. There are many stocks including IRCTC, IRFC, RVNL, and IRCON which have been giving good returns for some time now. Talking about the performance of these stocks in the last month, IRCTC Share has given returns of more than 12 percent.
If we talk about IRFC, it is around 22 percent, if we look at RVNL, it is around 30 percent and IRCON has also given returns to its investors of around 27 percent.
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The reason behind the rise in railway stocks
This question is definitely coming into the minds of investors, why are RVNL and IRCON stocks related to the railway sector rising so fast? Actually, RVNL has received a big order of Rs 229 crore from South Eastern Railway to upgrade the electric traction system, after which the shares of the company are continuously rising.
Besides, the government has also been seen making a lot of investments in the development of the railway sector in the last few years, and the market is hopeful that the old government will form its own government with the majority this time, due to which the railway stock is rising. A very good rally is being seen inside.
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The boom in the entire railway sector
Not only RVNL and IRCON, but other railway stocks too have seen a remarkable rally in the recent past. Rites, IRFC, IRCTC, and all these railway stocks are seeing very good growth.
Railway stocks have given bumper returns to investors in the last few days and according to market experts, the shares of railway-related companies still have the potential to give a lot of returns.
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Disclaimer
We are clearly stating that we are not claiming any news or objective to be correct. The information given on this website is based on our long-time experience in the stock market. “If you wish to invest in any stock, please do your own analysis and seek advice from your financial advisor before considering any investment decision.”
