Stocks such as Titagarh Rail Systems, Rail Vikas Nigam (RVNL), Jupiter Wagons, Ircon International, Indian Railway Finance Corp (IRFC), Ramkrishna Forgings, Texmaco Rail & Engineering and Railtel Corporation of India have rallied more than 400% in a year. The rise has been exceptional when compared with the benchmark BSE Sensex's near 15% rise during the same period.
In the earlier mentioned stocks, shares of Titagarh Rail Systems, formerly known as Titagarh Wagons, have surged the most in a year. The stock has ascended by 419.74 in the past one year. It settled 1.56% lower at Rs 779.35 on Friday (September 29). The Kolkata-headquartered company is engaged in the manufacturing and selling of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialised equipment, bridges and ships.
With over 402.67% returns in a year, Rail Vikas Nigam Ltd shares stood at second spot in the list. The counter rose 1.89% to close at 169.40 on Friday. The PSU firm is the executing arm of Indian Railways.
Shares of Jupiter Wagons saw a whopping 347.78% rise in the last one year. The stock closed with 1.77% losses at Rs 327.55 on September 29. The company is a provider of mobility solutions encompassing rail, road and marine transportation. It also has a presence in the commercial electric vehicle (CEV) segment.
IRCON International shares have zoomed 266.71% in the past one year. On Friday, the stock ended 2.80% higher at Rs 144.85. The PSU company is an engineering and construction company with specialisation in transport infrastructure.
Shares of Indian Railway Finance Corp have gained 260.38% in a year. The stock settled 2.32% higher at Rs 76.58. The PSU firm is the largest railway player with a market capitalisation (m-cap) of more than Rs 1 lakh crore.
Shares of Ramkrishna Forgings have seen a 223.72% rise in the past one year. The stock inched 0.10% up to close at Rs 643.40. Earlier in June this year, Ramkrishna Forgings, along with Titagarh Rail, had bagged an order worth Rs 12,227 crore from the Railway Ministry to supply 15.40 lakh forged wheels.
Texmaco Rail & Engineering shares have jumped 154.70% in a year. The spike in share price was much more in six months as the stock has gained 202.94%. On September 29, the scrip shed 0.46% per cent to close at Rs 128.75.
Shares of Railtel Corporation of India have risen 116.71% in the past one year. RailTel settled with 1.47% gains at Rs 223.75. The PSU firm provides broadband and VPN services.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.