New Delhi: The shares of Rail Vikas Nigam Ltd (RVNL), Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC), Railtel Corporation of India Ltd, and Ircon International Ltd have declined in the last two months. All the mentioned stocks have given bumper returns to investors who have held the counters for the past one year or more.
All the above-mentioned five Railway PSU stocks have dropped in the range of 5-15 per cent. In this article let’s see how the counters performed in the last one month. After declining for six straight sessions, the benchmark indices, BSE Sensex and NSE Nifty were trading in positive today.
RVNL share price
RVNL, which has been a multibagger stock, has tumbled around 15 per cent in the last one month. The stock was trading at Rs 476.95 at 12:47 pm. The Railway PSU share gained 80 per cent in the last six months and around 200 per cent in 1 year. RVNL is a Navratna CPSE under the Ministry of Railways. The company is tasked to undertake project development, mobilisation of financial resources and to implement projects pertaining to strengthening of Golden Quadrilateral and better connectivity to various ports.
IRCTC share price
IRCTC share price has dropped over 6 per cent in the last one month. The Railway stock was trading at Rs 866 per equity share at 12:54 pm. The counter dropped around 14 per cent in the last six months and gained over 20 per cent in the past one year. IRCTC manages ticketing and catering services for Indian Railways.
IRFC share price
IRFC – The multibagger stock dropped over 10 per cent in the last one month. The Railway PSU stock was at Rs 148.81 at 12:56 pm. The stock appreciated around 100 per cent in the last one year. Indian Railway Finance Corporation (IRFC) is a ‘A’ Miniratna Public Sector Enterprise under administrative control of the Railway Ministry.
Railtel share price
Railtel share price dropped around 13 per cent in the one month. The stock was trading at Rs 408.40 at 1:01 pm. RailTel Corporation is a ‘Navratna’ PSU and one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optical fiber network. The stock gained over 90 per cent in the last one year. “Presently, the optic fiber network of RailTel covers over 61000+ route kilometers and covers 6108+ railway stations across India. Our citywide access across the country is 21000+ kms,” the Railtel website mentioned.
Ircon share price
Ircon shares declined around 10 per cent. The stock was trading at Rs 216.11 at 1:06 pm. The Railway PSU stock gained around 60 per cent in the last one year. In its Q1 2024-25 Results, state-run IRCON International reported a 17 per cent drop in its consolidated revenue for the April-June quarter. The PSU announvced that its Topline stood at Rs 2,287.1 crore as compared to a topline of Rs 2,763.8 crore during the same quarter last year.
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The shares of Rail Vikas Nigam Ltd (RVNL), Indian Railway Finance Corporation (IRFC), Railtel Corporation of India Ltd, Ircon International Ltd and Indian Railway Catering and Tourism Corporation (IRCTC) performed good in the last one month. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
