These 2 railway stocks are moving at the speed of a bullet train, investors are happy.

Multibagger Stocks: People who invest in the stock market always look for multi-bagger stocks. If you also want to invest in stocks that give the best returns, you can invest in railway stocks- Indian Railway Finance Corporation (IRFC) and Rail Vikas Nigam (RVNL). Both these railway stocks have given huge returns to investors in the past one year. Shares of IRFC closed with a gain of 0.18% on NSE in the previous trading session i.e. March 28. Meanwhile, shares of RVNL closed lower in the last trading session on NSC.

IRFC is created to fund Indian Railways. By mobilizing funds from multiple sources, IRFC supports the annual projects of the Railways and contributes significantly to additional budgetary resources. Indian Railways is planning major changes with the help of IRFC. RVNL, which comes under the Ministry of Railways, mobilizes financial resources to develop and complete projects. On March 29, a joint venture (JV) of RVNL and private steel company Salasar Techno Engineering has bagged a project worth around Rs 60 crore in Rwanda.

Also Read- Bharti Hexacom IPO: Rs 4,275 crore IPO to open next week, check price band, GMP and other details

IRFC gave 433% profit in one year.
IRCF has given investors more than 435% return in one year. This means that a person who invested Rs 1 lakh in this multi-bagger share a year ago has now increased his capital to more than Rs 4 lakh. This railway stock has given 520% ​​return in last 3 years. So far in the year 2024, IRCF has given 42% returns to share investors.

Also Read – Shares That Can Lift You Out Of Poverty! 50,000 rupees turned into one crore rupees, it took only 1 year

Shares of RVNL rose.
The share price of RVNL, one of India’s leading companies, has increased by 268% in the last one year. In the last 3 months, this segment of the railway has grown by around 39%. Similarly, in the last three years, shares of RVNL have returned over 750 percent to investors. If seen from this point of view, the Rs 1 lakh invested in it has grown to more than Rs 7.5 lakh in just 3 years.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

Tags: money making tips, Multi bagger stock, Stock market