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The cabinet approved eight big railway projects on August 9. These projects are worth Rs 24,660 and are expected to be completed in 2030-31. Brokerage Prabhudas Lilladher has issued a new railway thematic report and given buy call for 6 railway stocks from a mid-term perspective.
These stocks include RVNL, IRCON, IRC, and others. Let’s take a look at their share price targets and stop losses.
The brokerage suggests buying Rail Vikas Nigam Ltd (RVNL) with a target price of Rs 650 to Rs 715. The stop loss should be at Rs 500.
The brokerage Prabhudas Lilladher suggested buying shares of Indian Railway Finance Corporation Ltd (IRFC). The target is Rs 230 to Rs 250 and the stop loss is Rs 168.
Brokerage Prabhudas Lilladher gave a buy call on IRCON International Ltd With the target price of Rs 330-380 & Stop loss of Rs 245.
The brokerage Prabhudas Lilladher also suggests buying shares of Jupiter Wagons. with the share price target of Rs 670 to Rs 710 and the stop loss is Rs 535.
Brokerage Prabhudas Lilladher gave a buy call on RailTel with a share price target of Rs 555-620 & the stop loss is Rs 430.
The brokerage also suggests buying shares of Titagarh Rail System whose share price target is Rs 1,740-1,890 & stop loss is Rs 1,270.
(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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