Railway shares ran faster than the speed of bullet train, investors earned crores of rupees

Shares of RVNL, IRFC and IRCON International have seen a rise of up to 14 per cent on Tuesday. All the three companies have given multibagger returns to the investors in one year.

At present, there is a lot of buzz about railway shares in the stock market. For some time, these railway shares have made investors a lot of money and the process of making money continues till Tuesday. In the trading day, three railway stocks Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC) and IRCON International have seen a gain of up to 14 per cent. Let us also tell you how these three shares of Indian Railways have made investors earn.

Why RVNL gained momentum

RVNL-MPCC Joint Venture has been given tender for all civil engineering works from Vadodara Division of Western Railway. Due to which the shares of RVNL jumped 5.6 per cent to Rs 163. The cost of the project is Rs 174 crore and the JV will complete the order in two years. In the joint venture, RVNL's stake is 74 percent, and MPCC's stake is 26 percent. On Saturday last week, RVNL also got the acceptance letter from Madhya Gujarat Vij Company.

Project Cox is Rs 322.08 crore. At 12:45 pm, the company's shares are trading at Rs 155.45 with a rise of one percent. RVNL shares have jumped 380 percent in the last one year and have given multibagger returns to investors. It has increased by more than 650 percent in the last three years. The market cap of RVNL is Rs 32,453.34 crore.

IRFC shares also jump

Meanwhile, IRFC shares also continued their upward trend. On Tuesday, the company's shares jumped by almost 14 percent and reached a record high of Rs 75.7. IRFC also gave multibagger returns to its investors. The company's shares have increased by more than 115 percent in the current year. In the last six months, it has increased by more than 150 percent and in the last one year the company's shares have increased by 220 percent. According to Trendline data, IRFC's average target price is Rs 44, which represents a 39 per cent downside from current market prices.

IRCON shares rise

Shares of IRCON International rose more than 3 percent to Rs 131.8 in Tuesday's trade. IRCON International has increased by about 120 percent so far. It has increased by more than 140 percent in the last six months and has seen an increase of more than 200 percent in the last one year. If experts are to be believed, the company's shares may see even greater growth in the coming days. At present, the company's shares are witnessing profit booking and are trading at Rs 126.35 with a decline of 1.17 percent. According to Trendline data, the average price value of IRCON International is Rs 114.