Invest in Railroad PSU Stock: The shares of Ircon International have increased by almost 10% in the last week alone, and by over 23% over the previous month. The stock soared by 800% over the course of two years and gave investors returns of about 4 times in the last year.
Railway PSU Stock Soars 9x in 2 Years
Market Confidence Before the Union Budget: Railway stocks should do well as Finance Minister Nirmala Sitharaman presents the Union Budget on July 23. Tradeswift Broking’s Sandeep Jain suggests making a strategic purchase of Ircon International shares.
Investment Suggestions: Railway PSU Stock Soars 9x in 2 Years
Jain suggests that investors have a look at Ircon, which just closed at a record high of Rs 349 on July 12. 336.9 Rupees. He recommends a stop-loss at Rs 321 and target prices of Rs 360 and Rs 370. The stock has performed well, returning 10% after one week and 25% after two.
Anil Singhvi’s Market Perspective: Due to a vacation on Wednesday, the market will only have four trading sessions next week, according to Anil Singhvi, managing editor of stock 24 news Weekly expiry for Bank Nifty is on Tuesday, and weekly expiry for Nifty is on Thursday. He points to 24,325–24,440 as Nifty support, and 24,600–24,625 as a possible climb. Bank Nifty has support between 52,000 and 52,075.
Share Performance of Ircon: Ircon stock has returned more than 23% in a single month and almost 10% in a single week. In the last 12 months, the stock has increased 800% in the last two years, yielding about 4x returns. At present, Ircon’s market value is Rs 31,681.27 crore.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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