Railway PSU stock to buy: Indian equity benchmarks closed higher due to market volatility. The Sensex closed up 131 points, or 0.17 per cent, at 77,341, while the Nifty up 36 points, or 0.18 per cent, to 23,537.

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The Nifty midcap 100 index increased 147 points (0.27 per cent) to 55,577. However, the Nifty smallcap 100 index slid 18 points (0.10 per cent) to 18,217.

FMCG, auto, financial services, and consumer indices were the biggest gainers among sectoral indexes. The PSU bank, metal, media, and healthcare indexes were major laggards.

Meanwhile, analyst Vikas Sethi from Sethi Finmart has suggested buying this multi-bagger railway PSU stock for long-term.

Railway PSU stock to buy

Vikas Sethi of Sethi Finmart has advised to buy Railway PSU stock IRFC for the long term. He says that companies are getting huge orders from Railways. IRFC will meet the funding needs of railway companies. This is a great company and it specialised in financing railway projects.

"The NPA of this company is absolutely zero. Recently it has signed an MoU with India Infrastructure Finance Company Limited. This is also a big positive. The company has strong fundamentals. There is a big opportunity for growth in front of the company. Buying in the stock is advisable from a 9 to 12-month perspective. The target price is Rs 225 per share. On June 24, the stock closed at Rs 176.80 with a rise of 0.28 per cent. At this price, the stock can give further returns of more than 27 per cent," said Sethi.