IRFC Vs RVNL Share | Railway stocks witness turnover on Indian stock market
IRFC Vs RVNL Share price today on 15 September 2023
Railway stocks listed on the Indian stock market are witnessing tremendous turnover. These include stocks like IRCTC Limited, IRFC Limited, IRCON International Limited, Rail Vikas Nigam Limited. After a few consecutive days of gains, the railway stocks fell prey to profit booking in two trading sessions.
But now it is seeing improvement again. Shares of Rail Vikas Nigam Company were on the rise as the company was the lowest bidder for the Rs 245-crore Western Railway Division project. Therefore, the chances of the company getting this contract have increased.
Today, Friday, September 15, 2023, shares of IRFC Company are trading at Rs 79.55, down 2.09 percent. Meanwhile, shares of RVNL are trading at Rs 169.35, down 0.94 per cent.
The IRCTC company informed in a statement on Wednesday that it has entered into an MoU with the Maharashtra State Road Transport Corporation to enable booking of buses through the IRCTC company’s bus ticketing platform. In the last five years, IRCTC Company shares have earned 347 percent return to its investors. The share price of this company has increased by 15 percent in the last six months.
Profit recovery is being seen in railway company shares from the last few days. Share prices of railway infrastructure providers like IRCTC, RailTel, RVNL, IRCON, and IRFC have increased by 80-150 per cent annually. But now stock market experts have advised to be careful while investing in railway stocks. Experts have expressed the opinion that more profit booking can be seen in this stock.
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