Indian stock markets began on a high note on the last trading day of August (August 30), after a global stock rise on the US economy's excellent GDP data. The market has been closing in the green continuously for the last 12 trading sessions.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

In this bull market, analysts have suggested buying two railway PSU stocks for positional trading. They have chosen the stocks to keep in their portfolio for 5-15 days.

Railway PSU stocks to buy for 5-15 days

1- IRCTC share price target

Brokerage Sharekhan has picked IRCTC stock and suggested buying for up to 15 days. The brokerage has given targets of Rs 980 and Rs 1,020. The stop loss is Rs 900. 

On Friday, August 30, the shares of IRCTC closed at Rs 933.5 each. This means the stock has a potential upside of up to nine per cent from its last closing price.

2- RVNL Share Price Target

The second stock suggested by analysts is RVNL. Axis Direct has advised to buy shares of RVNL i.e. Rail Vikas Nigam Limited for the next 15 days. It is advisable to buy in the range of Rs 590-602. A target of Rs 655 has been given and the stop loss has to be kept at Rs 582.  

Shares of RVNL closed at Rs 603.3 each on Friday, August 30. This means the stock has a potential upside of up to nine per cent from its last closing price.

Today, the company won orders worth Rs 202.87 crore from South Eastern Railways. The order includes the construction of a 132-kilovolt traction substation, section post, and subsection post in a 2x25 system in Kharagpur-Bhadrak, which falls under the Kharagpur division of the South Eastern Railway, according to an exchange filing.

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.