Top 3 Railway Stocks with Sharp Corrections for the Long-Term.

Top 3 Railway Stocks with Sharp Corrections for the Long-Term.

Here is the list of top 3 railway stocks down from their all-time high for the long term. Let’s discuss one-by-one:

1) Indian Railway Finance Corporation (IRFC)

IRFC is the major finance company for the various types of rail development projects across the country. Established in 1986, its core function is to procure funds from the domestic and international market and channelize them to for various railway development projects. The company’s share price touches its all-time high on 15th July 2024 to ₹229.05 and now trading around the price range of ₹120 - 125 from the last week. And that is a sharp correction of more than 45%, due to a concern of high valuations among investors.

2) Rail Vikas Nigam Ltd (RVNL)

RVNL is a public sector enterprise which is a leading player for developing huge railway projects in the entire Indian Railway Industry. It was established in the year 2003, is a key enabler for the government’s initiative of dedicated freight corridor (DFC). The other operations being gauge conversion, construction of bridges & tunnels, signaling, and electrifying for enhancing network coverage. The company’s share price touches its all-time high of ₹647.00 on July 15, 2024, and now trading around the price of ₹363.50 from the last week low of approximately ₹320. That's the correction of more than approximate, 40%.

3) Indian Railway Catering and Tourism Corporation Ltd (IRCTC)

IRCTC was established in 1999, and the only company responsible for online ticketing and other services such as catering and tourism services. This company is famous among many investors due to its high margins and monopoly. The company’s share price touches its all-time high on 13th October 2019 to ₹1,278.60 and now trading around the price of ₹710.35 from the last week high of ₹721.25. The correction is experiencing by the stock is about 30%.

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Revenue Comparison of IRFC Vs RVNL Vs IRCTC

Detailed Fundamental of Companies

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