The railway stocks in India experienced a decline in February 2024. This downward trend can be attributed to various factors such as profit booking after a period of significant gains, market fluctuations, and caution advised by experts due to high valuations.
Listed below are such railway stocks that are trading at a discount of up to 25 percent from their 52-week high:
Texmaco Rail & Engineering Ltd
With a market capitalization of Rs. 7,120 crores, the shares of the engineering infrastructure company started Wednesday’s trading session on a higher note at Rs. 198.50 compared to its previous close of Rs. 195.
During the trading session, the shares hit a low of Rs. 183.30, making a loss of 5 percent and closed the day at Rs. 185 apiece.
The company hit its 52-week in February 2024 at Rs. 231.90 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 20 percent.
Coming onto the company’s financial statements, the revenue increased by 11 percent from Rs. 805 crores in the September quarter to Rs. 896 crores in the December quarter. In addition, the net profits zoomed by 31 percent from Rs. 22 crores to Rs. 29 crores during the same period.
Titagarh Rail Systems Ltd
With a market capitalization of Rs. 12,732 crores, the shares of the railway coach manufacturing company started Wednesday’s trading session on a higher note at Rs. 983.80 compared to its previous close of Rs. 975. During the trading session, the shares hit a low of Rs. 948, making a loss of 3 percent and closed the day at Rs. 952 apiece.
The company hit its 52-week in January 2024 at Rs. 1,249 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 24 percent.
Coming onto the company’s financial statements, the revenue increased by 2 percent from Rs. 935 crores in the September quarter to Rs. 955 crores in the December quarter. In addition, the net profits increased by 6 percent from Rs. 71 crores to Rs. 75 crores during the same period.
Indian Railway Finance Corporation Ltd (IRFC)
With a market capitalization of Rs. 1,92,303 crores, the shares of the railway financing company started Wednesday’s trading session on a higher note at Rs. 152.85 compared to its previous close of Rs. 151.60. During the trading session, the shares hit a low of Rs. 145.50, making a loss of 3 percent and closed the day at Rs. 147 apiece.
The company hit its 52-week in February 2024 at Rs. 192.80 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 24 percent.
Coming onto the company’s financial statements, the revenue decreased marginally by 0.3 percent from Rs. 6,767 crores in the September quarter to Rs. 6,742 crores in the December quarter. On a contrasting note, the net profits increased by 7 percent from Rs. 1,550 crores to Rs. 1,660 crores during the same period.
Rail Vikas Nigam Ltd
With a market capitalization of Rs. 54,210 crores, the shares of the railway engineering company started Wednesday’s trading session on a higher note at Rs. 268.35 compared to its previous close of Rs. 266.90. During the trading session, the shares hit a low of Rs. 257, making a loss of 3 percent and closed the day at Rs. 147 apiece.
The company hit its 52-week in January 2024 at Rs. 345.60 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 25 percent.
Coming onto the company’s financial statements, the revenue decreased by 5 percent from Rs. 4,914 crores in the September quarter to Rs. 4,689 crores in the December quarter. In addition, the net profits declined by 9 percent from Rs. 394 crores to Rs. 359 crores during the same period.
Written By Vaibhav Patil
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