India, America, European Union, Saudi Arabia and United Emirates have together planned to create material for the destruction of China. Yes, all these countries together are going to prepare a rail and sea corridor, which will be a better answer to China's One Belt One Road. Whose effect can also be seen on China's economy. After this deal, railway stocks have gained momentum on Monday. A rise of 2 to 15 percent is being seen in the shares of government and non-government companies related to Indian Railways. Let us also tell you how railway stocks are making investors earn.
IRCON shares increased by 20 percent
After the deal on rail and maritime corridor was sealed in the G20 summit, there has been a tremendous increase in railway shares. The stock of PSU rail stock IRCON International has seen a jump of up to 20 percent on Monday and the company's share has reached a new 52-week high of Rs 159.25. IRCON shares have already given returns of more than 100 percent to investors in 6 months. Talking about the figures, at present the company's shares are trading at Rs 154.05 with a rise of more than 15 percent.
Rise in shares of these companies
1. IRFC shares have hit an upper circuit of 10 percent. Due to which the company's shares have reached a new high of Rs 84.76.
2. Shares of RVNL have also seen a rise of about 18 percent during the trading session and the company's shares have reached a new high of Rs 191.40. At present the company's shares are trading at Rs 183.35 with a rise of 13 percent.
3. There has also been a significant rise in the shares of Titagarh Wagons. The company's shares are trading at Rs 855 with a rise of more than 6 percent during the trading session. At present the company's shares are trading at Rs 845.20 with a rise of about 5 percent.
4. There has also been a good rise in the shares of RailTel and the company's shares reached a record high of Rs 251.50 with a rise of more than 7 percent during the trading session. At present, the company's shares are trading at Rs 246.30 with a rise of 5 percent.
5. RITES shares have also seen a good rise and the company's shares rose by more than 6 percent during the trading session and reached a record high of Rs 583.45. At present, the shares of the company are seeing a rise of about 3 percent and are trading at Rs 563.65.
6. Buying momentum was also seen in Texmaco Rail and a rise of about 7 percent was seen in the shares of the company. At present the company's shares are trading at Rs 162.40 with a rise of five and a half percent.
What was announced in G20
While rail stocks are gaining ground on a strong government order book and railway modernization programme, today's buying can be attributed to the G20 summit in New Delhi on Saturday on the shipping and rail transport corridor connecting countries in the Middle East, South Asia and Europe. is being announced. The announcement of the new corridor will create a rail and shipping connectivity network connecting the US, India, Saudi Arabia and the Gulf and Arab states and the European Union. The plan aims to integrate railway routes and port linkages extending from India to Europe via UAE, Saudi Arabia, Jordan and Israel.
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