Railway Stocks You Can Add To Your Investment Portfolio In October 2023: IRFC, RVNL, IRCON

tock market investors are always looking to diversify their investment portfolios to save themselves from risks when economic uncertainties are high. However, one most important question that arises before most of us is which stocks can give us high returns for a longer period. In this article, we will talk about three railway stocks that have offered attractive returns to investors in the stock market. The criteria we have selected while picking these stocks is ther last one year performance, financials and year-to-date (YTD) performance.

The three railway stocks we have included in our list include- Rail Vikas Nigam Limited (RVNL), Indian Railway Finance Corp Ltd (IRFC), and Ircon International (IRCON).

Rail Vikas Nigam Limited (RVNL):

On Tuesday, the share price of Rail Vikas Nigam Limited are trading 1.17% higher at Rs 168.65 per share in the intraday trading. RVNL shares have gained almost 401% in last one year, while the stock's YTD performance is up 146%. Within the Construction sector, Rail Vikas Nigam stock has a market cap rank of 2. Rail Vikas Nigam has a market cap of approximately Rs 35,143.01 Crore.
In its Q1FY24 results, the company posted a 15% year-on-year (YoY) jump in its consolidated net profits which reached Rs 343 crore during Q1 compared to Rs 297.6 crore during the prior corresponding period. The revenue from operations of the RVNL jumped 20% YoY to Rs 4,640.7 crore compared to Rs 5,571.5 crore during Q1FY23.

Indian Railway Finance Corp Ltd (IRFC)

IRFC shares were spotted trading 0.86% lower at Rs 75.30 per share at 2:02 pm IST today. IRFC shares have gained almost 256% in last one year, while the stock's YTD performance is up 128%.

For the quarter ended June, the company's total revenue from operations climbed 18.7% on year to Rs 6,679.2 crores compared to Rs 5,627.4 crore in Q1FY23.

Ircon International (IRCON)

Ircon International shares were up 1.03% at Rs 142.55 per share in the intraday trading on Wednesday. The share price of Ircon International has gained 259% in last one year, while the stock's YTD performance is up 139%. The company delivered ROE of 14.68% in year ending 31 Mar, 2023 outperforming its 5 year average of 11.97%.

In its Q1 results, the company reported a growth of 29.6% in net profit at Rs 187 crore, compared to Rs 144.6 crore in the corresponding period last year. The state-owned engineering and construction company's revenue from operations in the first quarter of the current fiscal grew 35.7% at Rs 2,712.2 crore, compared to Rs 2,001.9 crore in the year-ago period.

(The article is solely based on the personal opinion of the writer and should not be taken as investment advice. Investors should do their own research before making any stock market investment).