Massive Profits in Railway Stocks: Under the leadership of Prime Minister Narendra Modi, the cabinet meeting has approved eight projects under the Ministry of Railways, with a total cost of ₹24,657 crore. These projects will enhance railway connectivity in 14 districts, benefiting 510 villages and over 4 million people. Following this news, there has been a significant surge in railway sector stocks, with substantial gains seen in RVNL, IRFC, Railtel Corporation of India Ltd, and Ircon International Ltd, leading to significant profits for investors.
Highlights:
- Cabinet meeting chaired by Prime Minister Narendra Modi approves eight railway projects.
- Total project cost of ₹24,657 crore, to be completed by 2031.
- Railway connectivity to increase in 14 districts, benefiting 510 villages and over 4 million people.
- Significant surge in RVNL, IRFC, Railtel Corporation of India Ltd, and Ircon International Ltd shares.
- Investors witnessing massive profits, with railway PSU stocks rising by up to 10%.
Important Points Table for Railway Stocks:
| Company Name | Project Cost (₹ Crore) | Opening Price (₹) | Closing Price (₹) | Percentage Increase | Trading Value (₹) |
|---|---|---|---|---|---|
| RVNL | 24,657 | 518 | 575.85 | 10% | 593.40 |
| IRFC | – | 179.79 | 184 | 3.79% | 188 |
| Railtel Corporation of India Ltd | – | 469.65 | 482.75 | 3.24% | 487.55 |
| Ircon International Ltd | – | 264.85 | 272.10 | 3.89% | 274.90 |
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Massive Surge in Railway Sector, Investors Reap Huge Profits
In a recent cabinet meeting chaired by Prime Minister Narendra Modi, eight projects under the Ministry of Railways were approved. The total cost of these projects is ₹24,657 crore, with a target completion date of 2031. These projects will cover 14 districts across seven states—Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana, and West Bengal. The projects include the construction of approximately 900 kilometers of railway lines and 64 new stations.
A Great Opportunity for Investors in Railway Stocks
Since the approval of these projects, there has been a significant surge in railway sector stocks. RVNL, IRFC, Railtel Corporation of India Ltd, and Ircon International Ltd have all seen substantial gains, resulting in hefty profits for investors. On August 12th, during the weekly opening, railway PSU stocks saw a rise of up to 10%.
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RVNL Stock Surge
RVNL, an India-based company involved in railway infrastructure development, saw its stock close at ₹518 last Friday. However, it opened at ₹524 on Monday, with the stock trading as high as ₹583 at one point, indicating a 10% increase. The stock closed at ₹575.85 on Monday, and on Tuesday, it opened with a gain at ₹584.75 and is currently trading at ₹593.40.
IRFC Stock Rally
IRFC, a company associated with the financial sector of Indian Railways, had its stock close at ₹179.79 last Friday. On Monday, the stock opened at ₹180.70, trading as high as ₹186.41 at one point, marking a 3.79% increase from its previous close. On Tuesday, the stock opened with a gain at ₹186 and is currently trading at ₹188.
Railtel Corporation of India Ltd Stock Surge
Railtel Corporation of India Ltd, which provides broadband telecom and multimedia network services, had its stock close at ₹469.65 on Friday. However, the stock opened on Monday with a 3.24% gain at ₹484.65. The stock closed at ₹482.75, and on Tuesday, it opened with a 1.38% gain at ₹484.60. It is currently trading at ₹487.55.
Ircon International Ltd Stock Increase
Ircon International, an integrated engineering and construction company based in India, saw its stock close at ₹264.85 last Friday. On Monday, the stock opened with a 1.38% gain at ₹268.50. The stock traded as high as ₹275.25, marking a 3.89% increase from its previous close. On Tuesday, the stock opened with a gain at ₹273.10 and is currently trading at ₹274.90.
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FAQs
How beneficial is investing in the railway sector?
Investing in the railway sector can be highly beneficial, especially when new projects are approved by the government.
Why is RVNL’s stock rising?
RVNL’s stock is rising rapidly due to the recent approval of railway projects, which will expand the company’s operations.
How profitable is investing in IRFC shares?
Investing in IRFC shares can also be profitable, as the company is connected to the financial sector of Indian Railways, and its stock is currently on the rise.
What’s special about Railtel Corporation of India Ltd’s stock?
Railtel Corporation of India Ltd’s stock is witnessing a rise due to its services in broadband telecom and multimedia networks.
What is the reason behind Ircon International Ltd’s stock increase?
Ircon International Ltd’s stock is increasing due to the company’s expertise in engineering and construction, which may play a significant role in the new railway projects.
When is the best time to invest in railway sector stocks?
The best time to invest in railway sector stocks is when new projects are approved by the government, as this often leads to business expansion and stock price increases.
