Railway
The Union Cabinet on Friday approved 4 railway projects. The total cost of these projects is Rs 18,658 crore. These projects will cover 15 districts of 3 states. These states are Maharashtra, Orissa and Chhattisgarh. Under these projects, the existing network of the railway will be expanded, in which 1247 km of rail network will be increased. These projects will increase the line capacity on coal, iron ore and major routes of other minerals. This will not only increase travel facility for people, but will also help in economic development. These projex can benefit 3 companies.
1. Rail Development Corporation Limited (RVNL)
RVNL’s stock closed at Rs 350.35 with a decline of 2.67 per cent to Rs 350.35. In the last one month, this stock has given a return of more than 7 percent. This stock has given 32 per cent returns during a period of one year. At the same time, the return of this stock has been 364 percent in the last 2 years.
2. Container Corporation of India
The stock closed at Rs 687.95 on Friday at Rs 687.95. In a month, this stock has given 9 percent return. However, in 1 year this stock has given negative returns of 24 per cent. At the same time, in 2 years the stock has given 18 percent return.
3. IRFC Limited
The stock fell 3.29 per cent to close at Rs 124.90 on Friday. In a month, this stock has given 9 percent return. The stock has fallen 13 percent in a year. At the same time, in the last 2 years, this stock has given a bumper return of 348 percent.
(This article is written only for the purpose of information. Be sure to consult your financial advisor before any type of investment or before taking financial risks. India TV will not be responsible for any kind of risk.)
Latest business news
