PSUs Power Railway Rally: 5 Multibagger Stocks Gain Up to 300%
The 2023 year has been strongly affirmative as profit gaining year with respect to stock market sessions. The Indian stock market has yielded record making profit, whether Nifty 50, Sensex BSE, or Bank Nifty, it has sustain a concrete standing amid market volatility structure for consecutive two straight sessions.
The applauded gains stunned by market exchange have been followed by small-cap and medium-sized enterprises which show a significant rise in profit ratio. The small-cap index has surged 43.50 percent while the mid-cap index has gained around 45.65 percent.
The other participating segments in the bull trend are banking, financial firms, PSUs, etc which have performed very well.
The top 5 multi-bagger stocks of the Indian Railways segment that have outperformed very well are-
1-IRFC: The Indian Railway Finance Corporation [IRFC] has generated around 45% profit where its stock price has risen from Rs33 to Rs104 levels. In the last six months, it has risen over 195 percent whereas in last month, this multibagger stock has given over 25 percent.
2-Rail Vikas Nigam Limited [RVNL]: Shares of the Indian railway PSU delivered a stunning profit, gaining over 160 percent. In the last six months, this multibagger stock has given 45 percent return. The share price has risen around Rs69 to Rs178 per equity share level.
Read Also : NABARD and RBI Innovation Hub Collaborate for revolutionizing Digital agri lending3-IRCON: The shares of Ircon International Ltd has risen from Rs60 to Rs170 per share levels, delivering around 185 percent return to its positional investors.
4-RailTel: The shares of Railtel Corporation of India Ltd has risen from around Rs127.50 to Rs296 per share level, delivering around 130 percent return to its shareholders. The respective stock has gained 120 percent in last six months.
5-Concord Control Systems: The shares of this railway segment has risen from around Rs218 to Rs890 per share levels, gaining almost 300 percent rise this time.
Read Also : RBI Draft Guidelines on Digital Lending Transparency in Aggregation of Loan Products from Multiple LendersThe multibagger stocks have risen around 185 percent in the last six months, while it has risen to 35 percent in last one month.
The significant rises in share price stocks has gained great momentum till year to date with, Nifty 50 index has risen to 19.45 percent, BSE Sensex has accelerated to 18.25 percent and Bank Nifty index gained around 12.30 percent in 2023.
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