These 2 railway stocks are running at the speed of bullet train, investors are happy

Ronit Kawale
Ronit Kawale - Senior Editor
4 Min Read
These 2 railway stocks are running at the speed of bullet train, investors are happy


highlights

IRFC share has given multibagger returns to investors.
RVNL shares have also doubled their money in a year.
RVNL has recently received an order from an African country.

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Multibagger Stocks : Those who invest money in the stock market are always looking for multibagger stocks. If you also want to invest money in such stocks which give excellent returns, then you can invest money in railway stocks – Indian Railway Finance Corporation (IRFC) and Rail Vikas Nigam (RVNL). In the last one year, both these railway shares have given huge profits to the investors. Shares of IRFC closed with a rise of 0.18 percent on NSE in the last trading session i.e. on March 28. At the same time, RVNL shares closed with a decline in the last trading session on NSC.

IRFC has been created to fund Indian Railways. By mobilizing funds from multiple sources, IRFC supports the annual plans of the Railways and plays an important role in extra budgetary resources. Indian Railways is planning big changes with the help of IRFC. RVNL, which comes under the Ministry of Railways, mobilizes financial sources to develop and complete projects. On March 29, the joint venture (JV) of RVNL and private steel company Salasar Techno Engineering has got a project worth about Rs 60 crore in Rwanda.

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IRFC gave 433 percent return in a year
IRCF has given returns of more than 435 percent to investors in one year. This means that the capital of the person who invested Rs 1 lakh in this multibagger share a year ago has now increased to more than Rs 4 lakh. In the last 3 years, this railway stock has given 520 percent return. So far in the year 2024, IRCF has given 42 percent return to share investors.

Also read- Shares that can take you out of poverty! Rs 50,000 turned into Rs 1 crore, it took only 1 year

RVNL shares boomed
The share price of RVNL, one of India's Maharatna companies, has jumped 268 percent in the last one year. In the last 3 months, this railway share has increased by about 39 percent. Similarly, in the last three years, RVNL shares have given returns of more than 750 percent to investors. If seen from this perspective, Rs 1 lakh of the people who invested in it has become more than Rs 7.5 lakh in just 3 years.

(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. PressNews24 English is responsible for any loss you may incur. Will not done.)

Tags: Business news in hindi, Money Making Tips, Multibagger stock, Stock market

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