Shares of railway companies, including IRFC, Ircon, Texmaco Rail & Engineering, Oriental Rail Infrastructure, Jupiter Wagons, and Railtel Corporation Of India, have tripled investors money, rising between 209-367%. Container Corporation Of India has seen the smallest rise at 46%. The government s focus on the railway sector, with fresh capital infusion, dedicated freight corridors, new Vande Bharat trains, and other high-speed projects, has fueled the surge in these shares.
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In the construction operations, the railway sector accounts for 94% of the revenue mix. The company carries out its railway construction services on a turnkey basis. In the infrastructure development business, IRCON develops and maintains railways and roads on a build, operate, and transfer (BOT) mode.
IRCON share price: The stock gave up its gains as the session progressed and was last seen trading 0.31 per cent lower at Rs 177.30. At this price, the multibagger stock has ascended by 197.73 per cent on a year-to-date (YTD) basis and 110.65 per cent in the last six months.