236% Return in 1 Year: Brokerage picks this multibagger Railway PSU stock for 10 days, know target and stop loss

Railway PSU Stock to Buy: The share market is going through volatility these days. Sometimes, it slips for days and at other occasions, it reverses the trend. Even as BSE Sensex and Nifty 50 are going through quick fluctuations, for positional traders, brokerage firm HDFC Securities has chosen RailTel Corporation, a company that provides telecom services for Indian Railways.

This is a multibagger stock which has given returns of 236 per cent on BSE in the 1-year period.

It closed at Rs 119.75 on May 16, 2023, while its closing price on May 16, 2024, was Rs 401.85.

The brokerage has given a 'buy' call on the Railway PSU stock for the next 10 days. 

RailTel share price target 

RailTel shares closed at Rs 401.85 each on Thursday, an upside of 2.96 per cent from the previous close.

Brokerage HDFC Securities has advised to 'buy' this stock for the next 10 days.

The recommendation came when the stock was trading at Rs 387.

A target of Rs 418 has been given by the brokerage with a stop loss at Rs 367.

RailTel stock rises

RailTel shares have been rising continuously for the last 3 trading sessions.

On May 13, this share was at the level of Rs 356.65.

Within three days it reached at a little over Rs 401, which is a jump of 13 per cent.

On February 28, this stock hit an all-time high of Rs 491.

On May 10, this stock had made this month's low of Rs 348.

On March 14, this stock had made this year's low of Rs 301.

RailTel share price history

This stock has gained 12 per cent in one week, flat in two weeks, about 10 per cent in the one month, six per cent in three months, 14 per cent so far this year, 62 per cent in the six months, 236 per cent in the one year, 305 per cent in two years. Its IPO came in February 2021 at Rs 94.

(Disclaimer: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)