Indian Railway Finance Corporation (IRFC) and Rail Vikas Nigam Limited (RVNL) are the two public sector enterprises giving multi-bagger returns to their investors. Within a year, these railway stocks have given a return of over 100 per cent. RVNL opened at Rs 261 and IRFC opened at Rs 146.05 today, April 2. RVNL has recorded a surge of 3.5 per cent and IRFC stock price rose by 1.72 per cent today before the stock market closed.
IRFC was created to fund Indian Railways. By mobilising funds from multiple sources, IRFC supports the annual plans of the Railways and plays an important role in extra-budgetary resources. It meets the requirements of the Indian Railways through market borrowing at the most competitive rates and terms. With the help of IRFC, the Indian Railways is expected to bring many changes such as building railway lines or introducing new trains. RVNL, being the construction arm of Indian Railways mobilises financial sources to develop and complete projects. On March 29, the joint venture (JV) of RVNL and private steel company Salasar Techno Engineering got a project worth Rs 60 crore in Rwanda.
IRFC Returns
IRFC has given 444 per cent returns to investors in one year. If someone had invested one lakh in this stock the previous year, then that person would have made more than Rs 4 lakh by now if withdrawn. In the last 3 years, this railway stock has given 533 per cent return. In the last three months, the company has provided a return of 44 per cent. However, the public enterprise saw a decline of 1.76 per cent last month.
RVNL Returns
Being a public sector company under the Ministry of Railways, the stock price of RVNL has given a return of 281 per cent in one year. In the last 3 months, this railway share has increased by about 43 per cent. Similarly, in the last three years, RVNL shares have given returns of more than 782 per cent to investors. This company’s share price touched its 52-week high of Rs 345 in January this year.
Comments
0 comment