6 Railway Stocks to Buy: Analysts suggest buying RVNL, IRCON, IRFC and other stocks for up to 40% gains; check out targets
Brokerage Prabhudas Lilladher issued a new railway thematic report and recommended buying six railway stocks from a mid-term perspective. These stocks include RVNL, IRCON, IRC, and others. Let's take a look at their targets and stop losses.
The railway stocks were in focus today. This is mainly because the cabinet approved eight big railway projects on Friday, August 9. These projects are worth Rs 24,660 and are expected to be completed in 2030-31.
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Prabhudas Lilladher's new railway thematic report
After this approval, brokerage Prabhudas Lilladher issued a new railway thematic report and recommended buying six railway stocks from a mid-term perspective. These stocks include RVNL, IRCON, IRC, and others. Let's take a look at their targets and stop losses.
RVNL share price target
The brokerage suggests buying Rail Vikas Nigam Ltd (RVNL) shares for a target of Rs 650 to Rs 715. The stop loss should be at Rs 500. This means the stock has an upside of up to 24 per cent from its today's closing price of Rs 575.2 each.
Share price target of IRFC
The brokerage Prabhudas Lilladher also suggests buying shares of Indian Railway Finance Corporation Ltd (IRFC). The target is Rs 230 to Rs 250 and the stop loss is Rs 168. From its today's closing price of Rs 184.6 apiece, the stock can provide returns of up to 35 per cent.
IRCON share price target
The next stock on the list is IRCON International Ltd. The brokerage's target is Rs 330-380. Stop loss is Rs 245. This means the stock has a potential upside of up to 40 per cent from its today's closing price of Rs 272.1 each.
Jupiter Wagons share price target
The brokerage Prabhudas Lilladher also suggests buying shares of Jupiter Wagons. The target is Rs 670 to Rs 710 and the stop loss is Rs 535. From its today's closing price of Rs 569.1 apiece, the stock can provide returns of up to 25 per cent.
RailTel Corporation of India share price target
The next stock on the list is RailTel. The brokerage's target is Rs 555-620. The stop loss is Rs 430. This means the stock has a potential upside of up to 28 per cent from its today's closing price of Rs 482.4 each.
Titagarh Rail Systems Share Price Target
The brokerage also suggests buying shares of Titagarh Rail Systems. The brokerage's target is Rs 1,740-1,890. The stop loss is Rs 1,270. This means the stock has a potential upside of up to 30 per cent from its today's closing price of Rs 1,448.6 each.
Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.