Up 4x in 1 year, this railway PSU stock remains on analysts' 'buy' list; check out targets

Railway PSU stock to buy: Finance Minister Nirmala Sitharaman is all set to present the Union Budget in the Lok Sabha on July 23. Railway stocks are expected to perform better due to the full budget. Therefore, brokerage Axis Direct has suggested buying shares of RailTel for just 30 days.

Meanwhile, the BSE Sensex finished 53.07 points lower at 79,996.60, barely shy of the 80,000 milestone, while the NSE Nifty rose 21.70 points to 24,323.85 on Friday, July 5.

Railway PSU stock to buy

The brokerage has suggested to buy RailTel Corporation of India stock for just a month. It has given a target price of Rs 585. On Friday, the company's shares last traded at Rs 520.2 each, up almost seven per cent on BSE. This means the shares have a potential of providing returns of up to 13 per cent. RailTel shares made an all-time high of Rs 535 intraday. The brokerage has also suggested to maintain a stop loss at Rs 497.

RailTel share price history

In one month, RailRel shares have provided returns of more than 45 per cent. While the stock has jumped almost 12 per cent in a week. In a year, the company's shares have given around 4x returns to its investors while increasing 464 per cent in two years.

RailTel's current market capitalisation is Rs 16,695.2 crore. Its 52-week high is Rs 534.4 each and its 52-week low is Rs 128.8. 

The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.