Prabhudas Lilladher’s technical thematic report anticipates substantial upside potential for certain railway stocks. Rail Vikas Nigam (RVNL) is projected to surge to 315-340, Indian Railway Finance Corporation (IRFC) to 180-195, IRCON International to 260-280, RITES to 755-805, and RailTel Corporation of India to 450-480. These stocks have exhibited bullish technical indicators and are well-positioned for further growth.
Prabhudas Lilladher recommends buying RVNL for an upside target of 340, with a stop loss at 255. The stock is trading around 284 and has broken above its previous peak of 271, indicating positive momentum. The Relative Strength Index (RSI) has also spiked, signaling a buy opportunity.
For IRFC, Prabhudas Lilladher suggests a buy with an upside target of 195 and a stop loss at 131. The stock is trading around 148 and has recently crossed the 50-day Exponential Moving Average (EMA) of 141.50, indicating a bullish trend.
IRCON International is also recommended for a buy, with an upside target of 280 and a stop loss at 210. The stock is trading near 235 and has recently consolidated near the 212 zone. It has crossed the 50-day EMA of 220, suggesting potential for further gains.
Prabhudas Lilladher advises buying RITES for an upside target of 805 and a stop loss at 617. The stock is trading around 670 and has formed a higher low on the daily chart. It has pulled back and crossed the 50-day EMA of 673, indicating positive momentum.
Finally, RailTel Corporation of India is recommended for a buy with an upside target of 480 and a stop loss at 348. The stock is trading around 387 and has formed a higher bottom on the daily chart. It has crossed the 50-day EMA of 378, indicating a potential for further upside.
