Introduction:
The shares of the railway-related company, IRFC, experienced a sharp fall for two days but have now recovered. The bearish trend earlier this week was due to profit booking. However, shares of IRCON International, IRFC, and RVNL saw strong gains in Monday’s trading session.
Shares of IRFC and RVNL Recover:
After the initial fall, profit booking led to a 4 to 8 percent weakening of shares in IRFC and RVNL on Tuesday. However, today, on Thursday, September 14, 2023, IRFC shares are trading at Rs 79.65 with a 0.95 percent increase, while RVNL shares are trading at Rs 169.60 with a 1.74 percent increase.
Strong Returns of Railway-Related Companies:
Railway-related companies have provided investors with strong returns over the past few months. IRFC shares experienced a 2.18 percent decline on Tuesday but recently crossed a market capitalization of Rs 1 Lakh Crore. In the last five days, the company’s stock has gained a return of 22.36 percent, and in just one month, the share price has increased by 63.03 percent.
Profit and Volatility in RVNL Shares:
RVNL shares fell by 10.08 percent on Tuesday. However, in the last five days, the shares of this company have generated a return of 13.60 percent. In the last one month, RVNL Company stock has earned a profit of 35.97 percent for its shareholders.
Expert Opinions on Railway Stocks:
Experts caution investors about the volatility and ups and downs in railway shares. However, they suggest that buying these shares at a falling price can be beneficial in an upward trend. MK Global firm experts believe that some railway-related stocks are currently undergoing consolidation and correction.
Investing in Railway Stocks:
While railway stocks may not seem very profitable, experts advise caution when investing in them. Large cap stocks are considered slightly risky by experts.
Disclaimer:
Investing in mutual funds and the stock market involves risks. It is advisable to consult a financial advisor before making any investment. AkhandIndia.com shall not be held liable for any financial loss.
