Rail stocks RVNL, IRFC, IRCON jump up to 15% to new highs; soar up to 75% just in Jan ahead of Budget
IRCON International soared 15 percent in intra-day deals today to its new high of ₹261.35 followed by Rail Vikas Nigam (RVNL), which has rallied 10 percent to its record high of 320.75. Meanwhile, IRFC (Indian Railway Finance Corp) surged 9.7 percent to its new peak of ₹176. RailTel jumped 8 percent to its all-time high of ₹417.80 and IRCTC advanced 4.7 percent to its 52-week high of ₹1,029.85.
Today marks the 10th straight positive session for RVNL. Just in January so far, the stock has soared 75 percent after a 10.5 percent rise in December 2024 and a 6.5 percent gain in November 2023. In the last 1 year, the stock has given multi-bagger returns, jumping 279 percent.
After today's record high, the stock has surged 471 percent from its 52-week low of ₹56.15, hit on March 1, 2023. Meanwhile, IRFC has also rallied over 74 percent just in the month of January following a 33 percent rise in December and a 2.8 percent gain in November. In the last 1 year, IRFC has also given multibagger returns, skyrocketing over 385 percent.
Meanwhile, with today's peak, the stock has surged 591 percent from its 52-week low of ₹25.45, hit on March 28. IRCON has gained over 276 percent in the last 1 year and 45 percent in January so far, extending gains for the 3rd straight month (3.5 percent in December and 19.3 percent in November). It has skyrocketed 421 percent from its 52-week low of ₹50.15, on February 27.
In January so far, RailTel has advanced over 21 percent after a 16 percent and 30.5 percent jump in December and November, respectively. RailTel has also given multibagger returns in the last 1 year, rising over 201 percent. Meanwhile, it has already rallied 334 percent from its 52-week low of ₹96.20, hit on March 28, 2023.
Read more on livemint.com
