New Delhi: Stock Market expert Arun Mantri recommended market enthusiasts to bet on three Railway PSU stocks. Speaking exclusively to News9, the Mantri Mart founder said that Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC) and Railtel shares can be purchased for short-term gains.
IRCTC share price target
Giving a Buy rating on IRCTC stock, the market expert stated that the Railway stock is looking strong on the daily charts and is making higher highs and higher lows on all time frames. Mantri added that the counter has been in the momentum ahead of the Lok Sabha Election 2024 outcome amid euphoria of the further boost to the sector post the results.
While recommending the investors to buy IRCTC shares, Mantri said, on the technical front, the counter is looking good and any decline towards Rs 1060-1080 will be a good level for accumulation for short term trade. The next targeted levels on the upside will be 1230-1250 in the near-term period, he added.
‘Buy IRFC share’
Giving his expert views on IRFC stock, the Manri Mart founder said that the Railway stock has been in the bullish momentum and has generated around 17 per cent return till May 24 in the month of May 2024 and is hovering around Rs 185-190 level which is near term resistance on the daily charts.
The IRFC stock has support around Rs 172 and Rs 164 on the downside while resistance is around Rs 190-195 followed by Rs 210 for short term perspective, he said.
Railtel share price news
Commenting on Railtel share price, Mantri stated that the Railway stock was lagging behind, however, it has gathered good momentum in the last 6-7 trading sessions and is now standing above the short-term breakout levels of 400-405 on the daily time frame.
The counter is looking strong on the charts with support placed around Rs 400-410 which will be a good accumulation zone for short term trading perspective. The targeted levels will be around Rs 455-470 on the higher side.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to invest in: Stock Market expert suggested investors to pump in their money to buy IRCTC, IRFC and Railtel shares with a short-term perspective. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
