Ircon International emerged as the top gainer among major railway PSU firms in today’s trade, rising by 7.5% to Rs 247 apiece. The stock has also rallied 37% in January, and over 290% in the past year.
Government-owned IRFC shares also surged 7.2% in intraday trade, reaching Rs 173 apiece. The company’s market cap witnessed a stellar rise of Rs 2,19,354 crore as its shares gained over 70% in the last month. IRFC’s market cap is still above the market cap of Mahindra & Mahindra and Bajaj Auto.
IRFC has delivered 411% returns in the past 12 months, and the stock is currently trading in a strongly overbought zone.Meanwhile, RVNL, another multibagger, surged 5.6% in today’s trade. RVNL has delivered 290% returns in the past 12 months, and the stock is currently trading in an overbought zone. RVNL is currently trading above its 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs), while it is trading below 10-day, and 20-day SMAs.Simultaneously, IRCTC shares also saw a 3% rise in today’s intraday trading, reaching Rs 961.9 apiece. The returns of IRCTC also surged nearly 50% in the last year. RailTel Corporation rose 4.9% in today’s trade. It has gained nearly 212% in the past 12 months.
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