New Delhi: The share price of Railway PSU stocks – Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam Limited (RVNL), Ircon International, Rail India Technical and Economic Service (RITES) and IFCI Limited, Container Corporation of India, and Indian Railway Catering and Tourism Corporation (IRCTC) will be in focus as Union Finance Minister Nirmala Sitharaman will present Budget 2024 on Tuesday.
RVNL share price
RVNL share price has zoomed over 50 per cent in the last month. The Railway stock will be in news today as Budget 2024 will be presented today. The scrip is likely to jump if the Modi 3.0 government announces some measures in regards to Indian Railways. RVNL has turned out to be a multibagger as the counter has surged over 110 per cent in the last six months and more than 350 per cent in the last 1 year. RVNL share price closed at Rs 625.50 on NSE on July 22, 2024.
IRFC share price
The share price of Indian Railway Finance Corporation (IRFC), a Schedule ‘A’ Miniratna Public Sector Enterprise will be in focus as the Modi-led NDA government unveils its first full Budget today. This Railway PSU stock price has increased over 15 and 25 per cent in the past 1 month and 6 months respectively. The scrip’s one year return is mind blowing as it has rallied over 480 per cent. The stock closed at Rs 205 on nSE on 22nd July.
RITES share price
Rites, another Railway PSU stock, has been a steady performer and given decent returns in the last one month. RITES share price appreciated around 30 per cent in the last six months and 50 per cent in 1 year. Rites share price closed at Rs 729.70 on NSE on July 22.
Concor share price
Concor is an undisputed leader having the largest network of 66 ICDs/CFSs. The public sector enterprise provides inland transportation of containers by rail. The stock has gained over 25 per cent and more than 50 per cent in the last 6 months and 1 year respectively.
Ircon share price
Ircon shares have given Bumper returns to its shareholders. It is a Schedule ‘A’ Mini Ratna Category-I Government Company, engaged in the business of the construction sector. The stock has gained around 14 per cent in the past 1 month, around 40 per cent in the last six months and over 240 per cent in the past 1 year. The stock is expected to create a buzz if big sops are announced in Budget 2024.
IRCTC share price
IRCTC share price has appreciated over 7 per cent in the last six months and over 60 per cent in the last one year. The PSU provides ticketing, catering, and tourism services for Indian Railways. IRCTC share price closed at Rs 1009 on July 22.
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Railway stocks Budget 2024: Stock Market investors will keep a close eye on the share price of IRFC, RVNL, Ircon, RITES, IFCI Limited, Container Corporation of India, and IRCTC on Tuesday. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
