After correction in Railway Stocks recently, brokerages have revised their share price target for RVNL, Ircon, IRCTC, RailTel, RITES, Titagarh Rail
Railway stocks like Rail Vikas Nigam (RVNL), Ircon International, RITES, RailTel Corporation of India, and Indian Railway Catering & Tourism Corporation (IRCTC) have given multibagger returns to investors.
Some of the railway stocks had touched their respective 52-week highs & climbed up to 2,100 percent in the last 18-24 months period. However, these shares had also seen corrections in recent times, due to which analysts have raised caution over it.
Share Price Target For Railway Stocks By Brokerages
RITES Share Price Target:
Shares of RITES Ltd surged 230 per cent in the last two years & hit 52-week high at Rs 826.15 in February 2024. However, the stock went down by 20 per cent up to to Rs 666 on Tuesday.
Axis Securities has given a ‘hold’ rating with a target price of Rs 660 on the RITES.
Elara Capital raised its target price to Rs 815 from Rs 750 earlier.
IRCTC Share Price Target:
IRCTC share price doubled in the last two years & hit a 52-week high at Rs 1,148.30 on May 22, 2024. But the stock corrected 20 per cent since then.
IRCTC’s operational performance was weak with an Ebitda margin of 33.5 per cent, said Prabhudas Lilladher (PL). & gave a ‘reduce’ rating with a target price of Rs 822.
RailTel Share Price Target
Shares of RailTel Corporation of India Ltd climbed more than 580 per cent in the last 24-month & reached upto Rs 618 level in July 2024. The stock price has increased by around 25 per cent in the last one month.
ICICI Securities said, ‘’We raise our EPS estimates by 3 per cent for FY25–26E on lower depreciation cost.’’ and given a ‘sell’ tag and revised target price of Rs 315.
Ircon International’s Share Price Target
Ircon International’s shares Climbed by 775 per cent in the last two years to rise to Rs 350 mark on July 15. However stock declined by 25 per cent of its value from its peak to Rs 265 on Tuesday.
IDBI Capital said, “Opportunity remains huge for IRCON and thus awaits order win.’’
But brokerage has given a ‘hold’ tag for shares with target price of Rs 272.
Rail Vikas Nigam Share Price Target
Shares of Rail Vikas Nigam Ltd climbed by 2,100 percent in the last two years to Rs 647 in mid-July 2024. However, stock dropped 13 per cent from those levels in a month.
Antique Stock Broking. Said “We have modelled in a revenue increase of 10 per cent and 15 per cent for FY26E and 27E and expect it to report an EPS of Rs 8.7 and Rs 9.8 respectively.’’
Brokerage has given ‘’sell’ rating and a SoTP-based target price of Rs 283.
Titagarh Rail Share Price Target
Titagarh Rail received an ‘Overweight’ rating from Morgan Stanley as the brokerage said that the company stands to benefit from Indian Railways’ plan to procure 90,000 wagons by 2025.
Titagarh Rail’s efforts to enhance its capacity for both freight and passenger segments will allow it to capitalize on these opportunities, said Morgan Stanley as it put a target price of Rs 1,337 on the stock.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)