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Today, three railway stock companies are making noise in the stock market. We are talking about Rail Vikas Nigam, Indian Railway Finance Corporation Limited and Aircon International. Investors invested heavily in these shares on Tuesday. Shares of Ircon International gained 6 percent, Rail Development Corporation 5.87 percent and IRFC 13.59 percent. Let’s find out what finally happened that railway stocks are seeing a boom.
This stock turned rich in 1 year, once the price was Rs 91
Rail Development Corporation
Rail Vikas Nigam and MPCC bid the lowest in a joint venture for a project on the Vadodara section of the Western Railway. The cost of this project is 174 crore rupees. At present the Rail Development Corporation has a lot of work to do. This is the reason why the prices of these railway stocks have seen a stormy rise.
IRFC Shares
During the last 3 trading sessions, the price of this railway stock has seen an increase of more than 30 percent. The market cap of the company is also Rs. 90,000 crore has been crossed. The main reason for the increase in prices is the steady supply of work to IRFC. Due to which investors’ confidence has increased on the company. Let us tell you that the share price of IRFC has increased by 115 percent so far this year.
Shares of Ircon International surge sharply
The price of this railway stock has seen a 200 percent increase in the last one year. At the same time, till now in the year 2023, this stock has managed to grow by 120 percent. Experts associated with Trendlyne believe that the company’s share price will see further growth. That is why this stock has got a buy tag.