“We have to be careful, though we do not paint everything with the same brush, we will take a look at each of the companies separately and then decide. Mostly we are holding in our portfolios if there is any PSU, that would be mainly into banks. We have not entered other PSUs in our portfolio.”
Shares of Indian Railway Finance Corporation Ltd (IRFC) zoomed 154 per cent in 2023 so far, Ircon International Ltd soared 152 per cent while Rail Vikas Nigam Ltd surged 148.57 per cent during the same period.
Antique Stock Broking said, “Even in a bear case, that is, if exports are won at low margins, we see a 5 percent net profit CAGR (compounded annual growth rate) at the least”.
Multibagger Stocks: Railway stocks have been in an uptrend in 2023. Shares of railways-linked companies such as IRFC, RVNL, RailTel, Jupiter Wagons, and others have delivered multibagger returns to investors. Watch this Visual Story to check multibagger railway stocks that have zoomed up to 260% so far in 2023.
The profit booking in the stocks was accompanied with large volumes with over 18.11 crore shares changing hands for IRFC while over 6.78 crore shares in case of RVNL. The situation was similar for other stocks as well.