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Railway Stocks: The 30-share BSE Sensex jumped 359.51 points to hit a new record peak of 82,725.28 during the early trade. The NSE Nifty climbed 97.75 points to reach a fresh all-time high of 25,333.65.
Among the 30 Sensex firms, Bajaj Finserv, HCL Tech, ITC, Tech Mahindra, Infosys and Asian Paints were the biggest gainers.
Tata Motors, Mahindra & Mahindra, NTPC and Bharti Airtel were among the laggards.
Analysts have suggested buying two railway PSU stocks for positional trading. They have chosen the stocks to keep in their portfolio for 5-15 days.
Brokerage Sharekhan has given a buy call for IRCTC stock for up to 15 days. The brokerage has given a share price target of Rs 980 and Rs 1,020. The stop loss is Rs 900.
On Friday, August 30, the shares of IRCTC closed at Rs 933.5 each.
Axis Direct has given a buy call for RVNL shares i.e. Rail Vikas Nigam Limited for the next 15 days. It is advisable to buy in the range of Rs 590-602. A Share price target is given of Rs 655 and the stop loss given at Rs 582.
Shares of RVNL closed at Rs 603.3 each on Friday, August 30.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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