6 railway stocks to buy for up to 40% gains: Analysts

Zee Biz web team

ZeeBiz Desk

Aug 11,2024

Brokerage Prabhudas Lilladher issued a new railway thematic report and recommended buying six railway stocks from a mid-term perspective. 

These stocks include RVNL, IRCON, IRC, and others. Let's take a look at their targets and stop losses.

1- RVNL share price target

The brokerage suggests buying Rail Vikas Nigam Ltd (RVNL) shares for a target of Rs 650 to Rs 715. The stop loss should be at Rs 500. This means the stock has an upside of up to 24 per cent from its today's closing price of Rs 575.2 each.

2- IRFC

The brokerage Prabhudas Lilladher also suggests buying shares of Indian Railway Finance Corporation Ltd (IRFC). The target is Rs 230-250 and the stop loss is Rs 168. From its today's closing price of Rs 184.6 apiece, the stock can provide returns of up to 35%.

3- IRCON

The next stock on the list is IRCON International Ltd. The brokerage's target is Rs 330-380. Stop loss is Rs 245. This means the stock has a potential upside of up to 40% from its today's closing price of Rs 272.1 each.

4- Jupiter Wagons

The brokerage Prabhudas Lilladher also suggests buying shares of Jupiter Wagons. The target is Rs 670 to Rs 710 and the stop loss is Rs 535. From its today's closing price of Rs 569.1 apiece, the stock can provide returns of up to 25%.

5- RailTel Corporation of India 

The next stock on the list is RailTel. The brokerage's target is Rs 555-620. The stop loss is Rs 430. This means the stock has a potential upside of up to 28 per cent from its today's closing price of Rs 482.4 each.

6- Titagarh Rail Systems

The brokerage also suggests buying shares of Titagarh Rail Systems. The brokerage's target is Rs 1,740-1,890. The stop loss is Rs 1,270. This means the stock has a potential upside of up to 30% from its today's closing price of Rs 1,448.6 each.

Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.