Breaking India State Business Entertainment Biography Lifestyle

Storm in railway stocks ahead of budget, RVNL and IRFC made investors richer

Sagar Patel

By Sagar Patel

Published on:

Storm in railway stocks ahead of budget, RVNL and IRFC made investors richer

The country’s budget is just a few days away and ahead of that, the railway stock has gained momentum. Railway stocks move faster than superfast ones, thus raining money on their investors. In fact, the shares of Rail Vikas Nigam Limited and IRFC saw a dizzying rise on Monday. The shares of the railway company rose by over 16 and 9 per cent on Monday to reach Rs 567.60 and Rs 206.

While RVNL gained 16 per cent, IRFC shares rose 9 per cent to hit an all-time high of Rs 206. During this period, its investors also gained a lot. The railway company’s shares have risen 35 per cent in 5 days. At the same time, a tremendous jump of 205 per cent has taken place in the shares of Rail Vikas Nigam Limited in the last six months. RVNL’s 52-week low is Rs 117.35, while IRFC’s 52-week low is Rs 32.35.

This is how 1 lakh became 44 lakh

There has been a rapid rise in RVNL stock over the last 4+ years. Rail Vikas Nigam stock was at Rs 12.80 on March 27, 2020. The stock of the railway company touched Rs 567.60 on July 8, 2024. Rail Vikas Nigam Limited stock has risen by over 4200 percent during this period. If someone had invested Rs 1 lakh in the shares of the railway company on March 27, 2020, and held on to their investment, then today the value of the shares purchased for Rs 1 lakh would have been Rs 44.34 lakh.

Stormy rise of 355% in shares in one year

Rail Vikas Nigam Limited shares have risen by 355% in the past year. The railway company’s stock was at Rs 122.25 on July 10, 2023. Rail Vikas Nigam Limited shares reached Rs 567.60 on July 8, 2024. In the past 6 months, the company’s stock has risen by more than 205%. The railway company’s stock has doubled investors’ money in just 3 months. Rail Vikas Nigam Limited shares have risen by more than 113% in 3 months. The railway company’s stock was at Rs 264.35 on April 8, 2024. The company’s stock reached Rs 567.60 on July 8, 2024.

IRFC achieved a return of 505% in one year

In the last one year, Railway stocks have given multiple returns to its investors. During this period, IRFC stock has risen by 505%. Similarly, RVNL and RailTel have made returns of over 300%, while IRCON International, Texmaco Rail and Oriental Rail Infrastructure have gained over 200%. At the same time, RITES stock has risen by 104% in the same period.

Why is it increasing?

The Ministry of Railways has announced to manufacture 10,000 non-AC coaches in the financial years 2024-25 and 2025-26. The Ministry of Railways has set a target of manufacturing 4,485 non-AC coaches in this financial year. Further, the ministry will manufacture the remaining 5,444 non-AC coaches in the next financial year 2025-26. After this, if we talk about the technical front, the Relative Strength Index (RSI) is currently 82.5. This is the reason why the company’s stock is rising.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

Related Post

Leave a comment

x