Multibagger Stock Indian Railway Finance Corporation Share Price Doubles In Just 6 Months

The central government has been engaged in the transformation of the Indian Railways for the last few years. To remove the delay in trains, a separate freight corridor is being built for goods trains. New fast trains like Vande Bharat are being run. The shares related to railways are benefiting from this in the stock market. These stocks are making it to the top of the list of best multibagger stocks making their investors rich.

This work is done by a government company

One such share is of Indian Railway Finance Corporation. The control of this company is with the Ministry of Railways and the Government of India has majority stake in it. The main work of this government company is to expand the financial resources for the railways. For this reason, the company is also present in the stock market and while fulfilling its purpose, it is managing funds for the railways.

56 percent jump in 7 days

This company was established in December 1986 and its headquarter is in the capital Delhi. The market capitalization of the company is currently Rs 89,930 crore. Even though its shares fell by about 5 per cent in today’s trade and the price came down to Rs 69, but earlier this railway stock had registered a tremendous rally of 56 per cent in just 7 days.

Stock flight like this

The stock of Indian Railway Finance Corporation has gained nearly 40 per cent in the last one month. At the same time, its price has increased by more than 145 percent in the last six months. In other words, the price of this stock has more than doubled in just 6 months. Talking about one year, the stock of Indian Railway Finance Corporation has soared more than 200 percent during this period.

It can also be said that the flight of the stock of Indian Railway Finance Corporation has been so great in the last few years that it has more than doubled the money of its investors in just 6 months. Similarly, in a year, it has more than tripled the investors’ money.

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