Railway Stock: After the budget today, the eyes of all investors in the stock market are focused on the shares of railway companies. Two other companies including IRCTC are flying in the stock market of Indian Railway Finance Corp and Railway Vikas Nigam. The shares of these companies have seen a rise in the morning. Let us tell you, the allocation of Rs 2.4 lakh crore in the budget has been made only for the Railways by the Government of India. This is the reason why the shares of these companies have seen a boom today.
1- Status of IRCTC shares
The company’s shares opened on Thursday morning with a gain of about half a percent. However, later there has been a decline in it. The shares of the company were trading at Rs.629 level. Let me tell you, in this budget, it has been announced to make such an app where the passengers will get information about guide, food etc. Along with this, 50 places will be developed as tourists within India. IRCTC is expected to get the benefit of this announcement.
Vaishali Parikh associated with Prabhudas Lilladher says, “IRCTC shares are forming a double bottom pattern on the daily chart pattern. This stock is in the zone of Rs.652. If successful in breaking it, it can move towards Rs 678 levels. At the same time, the stop loss level during this period is Rs 605.
2- Railway Development Corporation
The shares of this company opened at Rs 74 with a gain of 1.86 per cent around 11 am. Earlier on Thursday i.e. today, the shares of Railway Development Corporation opened at Rs 73.85 and in no time they reached the level of Rs 75.55. Describing the target price of this stock, Vaishali says that it is in the zone of Rs.81. But if it goes beyond this, then it can touch Rs 96 as well.
3- Indian Railway Finance Corporation Limited
At 11 am on Thursday, the shares of this company were also trading at Rs 32.05 per share, up by 1.58 per cent. Today the share price of this company opened at the level of Rs.31.55 in BSE and in no time it reached the level of Rs.32.45.
(Disclaimer: The performance information provided here is not just investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.)