Railway Stocks
The company shared in a document that they’ve agreed to work with the Airports Authority of India. They plan to build a subway or underpass connecting the airport area to the residential area where the authority’s staff live in Kolkata.
After the agreement was made, the value of railway stocks increased by a large amount. Some of the main railway stocks that caused this increase are: Titagarh went up by 3.04%, Rites went up by 2.83%, and IRFC went up by 1.48%. Other railway stocks also went up in this surge.
Highlights
Titagarh Rail System Share Price
Titagarh Rail Systems Ltd.’s stock (listed on the NSE as TITAGARH) was priced at ₹68.20, marking an increase of 8.28% from previous values. Over the past year, its trading range fluctuated between ₹228.00 and ₹1,248.90. Additional details about the stock include an opening trading account value of ₹830.00 and a day range spanning from ₹830.00 to ₹901.25, with a total volume of 1,486,845 shares traded.
The all-time high for the stock is ₹1,248.90, while the all-time low is ₹13.93. Notably, the company has seen significant earnings per share (EPS) growth, with a year-on-year increase of 297.83%. The trailing twelve months price-to-earnings (P/E) ratio stands at 47.02, and the price-to-book (P/B) ratio is relatively high at 12.43. Comparatively, the sector’s average P/E ratio is 138.98. Additionally, the book value per share is ₹71.77, with a face value of ₹2.
Rites Share Price
The RITES Ltd. stock, listed on the National Stock Exchange under the symbol RITES, is currently trading at ₹675.10, showing a 2.77% increase from its previous closing price of ₹656.90. RITES operate in the transport infrastructure sector and has been garnering attention from both investors and traders. Some key details about RITES include its market capitalization of ₹157,337,700,000, a 52-week high of ₹825.95, and a 52-week low of ₹337.00.
Additionally, today’s trading saw a volume of 1,365,043 shares exchanged. The company’s price-to-earnings (P/E) ratio stands at 34.22, with a dividend yield of 2.89% and a face value of ₹10 per share. Despite exhibiting strong financial performance, RITES is perceived as having an expensive valuation by certain metrics. Notably, its earnings per share (EPS) has experienced a year-on-year decline of 14.39%.
IRFC Share Price
The current share price of the Indian Railway Finance Corporation (IRFC) stands at ₹147.651, with additional details indicating a previous close of ₹145.7. Over the past 52 weeks, IRFC’s stock has ranged from a high of ₹192.8 to a low of ₹25.4, reflecting fluctuations in market sentiment. The company’s market capitalization, which represents the total value of all its outstanding shares, amounts to a substantial ₹1,842,006,000,000.
Furthermore, investors are currently paying approximately 31.34 times the company’s earnings per share, as indicated by the PE ratio. Additionally, IRFC offers a dividend yield of 1.03%, providing shareholders with a modest return on their investment. The company’s performance has been robust, with its stock price showing positive momentum in recent times. Given these factors, it is advisable to remain attentive to further developments and shifts in the market that may impact IRFC’s performance and stock price in the future.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
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