Railway stocks like RVNL, IRFC, and IRCON are rising today. Here's why
Hindustan TimesRailway PSU stocks including Rail Vikas Nigam Ltd, RailTel Corporation of India, RITES Ltd, IRCON International Ltd, and Indian Railway Finance Corporation Ltd saw their share prices rising up to 10% on Monday, November 25, 2024. IRCON International Ltd saw a 7.5% share price uptick after Infomerics Valuation and Rating Private Limited, assigned credit ratings of IVR AAA/ Stable / IVR A1+ for the Company's bank facilities. “After the Lok Sabha Election Results, Indian stock market investors went defensive and started looking at FMCG and pharma stocks, the report quoted Mahesh M Ojha, AVP of Research at Hensex Securities, as saying. “However, after the Maharashtra Assembly Election Results, they may start looking at railway, infra, and banking stocks, changing their investment strategy from defensive to aggressive.” Also Read: Sanjiv Goenka, owner of Lucknow Supergiants, has a net worth of $4 billion: Forbes