Shares of railway-related companies, including IRFC (Indian Railway Finance Corporation) and Rail Vikas Nigam Limited (RVNL), maintained their upward trajectory on Saturday, extending their record-breaking run. The stocks, witnessing remarkable gains ranging from 50% to 70%, have marked an exceptional performance in the month of January alone.
On Saturday, IRFC’s shares recorded another 9% increase, propelling its market capitalization to Rs 2.28 lakh crore. This places IRFC ahead of Power Grid and 21 other Nifty companies. Notably, the stock has demonstrated resilience by gaining in nine out of the last 10 trading sessions, escalating from Rs 99 to its current price of Rs 175.
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Sports betting site VPbet Meanwhile, RVNL shares continued their upward trend for the 10th consecutive day, accumulating an impressive 75% gain during this period. The stock has also been marked by heavy trading volumes, currently standing at four times higher than its 20-day average at this time of the day.
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Other railway-related stocks, including Railtel, IRCTC, and IRCON International, are also experiencing gains ranging from 3% to 10%. IRCON’s shares, in particular, have risen in nine out of the last 10 trading sessions, accumulating nearly a 40% gain.
This surge in railway stocks underscores a sustained bullish trend in the sector, with investors benefiting from the robust performance of these Public Sector Undertaking (PSU) stocks. The investment philosophy, in this case, emphasizes capturing the long-term potential of sectoral trends rather than focusing solely on short-term gains.
The proactive identification of promising PSU stocks in the railway sector aligns with this optimistic long-term perspective, contributing to the ongoing success of investors in these stocks. As the rally persists, market participants are closely monitoring these railway stocks for further developments and potential opportunities.
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“The recent upswing in the Railway Sector stocks can be attributed to various pivotal factors, enhancing their long-term growth prospects. We employ a strategic investment approach that encompasses “Old Economy” and “New Economy” trends. At present, India is experiencing a phase characterized as the “Old Economy Run,” underscoring the significance of capital expenditure (Capex) and sectors that are sensitive to interest rates,” said Anirudh Garg, Partner and Fund Manager at INVAsset.
Garg also said that, one significant driver behind the recent surge is the announcement made by Railway Minister Ashwini Vaishnav regarding the launch of 3000 New Vande Bharat Trains. Moreover, the ambitious plan to inject a massive 7 trillion Rs into the railway sector over the next decade marks a monumental development. These substantial investments indicate a robust and enduring growth trajectory for the railway sector, which in turn benefits Railway Sector stocks as key players involved in financing railway assets.
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