Introduction
Hello guys, welcome to Moneyalexa.com. In this article we will discuss two very special stocks which are concerned with Indian Railway. In Budget -2024, there are two very important Govt Scheme has been introduced.
The Amrit Bharat Station Scheme
The Amrit Bharat Station Scheme is like a big plan to make train stations better. The government decided to spend more money on trains of around Rs. 2.55 lakh crores. In the next five years, they want to do a really big job and change about 40,000 old train parts with new and better ones. They also want fewer cameras (CCTV) and more new trains called Vande Bharat trains.
PM Gati Shakti Scheme
The PM Gati Shakti Scheme is another big plan, but this time it’s about making train tracks and routes better. The government decided to spend a lot more money on this as nine times more than in 2014. They want to modernize and improve how trains move around. It’s like making special paths for trains to go smoothly. The government thinks this will help the trains and everyone who uses them.
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So, we on basis of new govt budget and Govt plan, we find out two very special railway stock which they will run as bullet train in next five years. As the conversation transitions to strategic stock recommendations, one company stands out prominently which is ‘IRCON’ as an indigenous construction powerhouse. IRCON holds a unique status as the sole Public Sector Undertaking (PSU) within the top echelons of global construction companies. This distinction, coupled with its greatest presence in pivotal projects, positions IRCON as a noteworthy contender for investment consideration. Now we will check its fundamental aspects as under :-
| Financial Metric | Value |
|---|---|
| Market Cap | Rs 21,566 Cr |
| Sector Return | 65.72% |
| Market Return | 21.52% |
| 1-Year Return | 295.76% |
| Valuation Ratio | 24.31 |
| PE Ratio | 3.88 |
| Price to Book Value | 0.90 |
| PEG Ratio | 15.96% |
| ROE (Latest Growth) | 25.90% |
| EV to EBIT | 22.34 |
| EV to EBITDA | 50.91% |
| ROCE (Latest Finance) | 13.18% |
| EV to Capital Employed | 1.46 |
| EV to Sales | – |
| Dividend | 1.31% |
| Dividend Yield | – |
Company Business
IRCON significance in the evolving landscape of railway development cannot be overstated. Its involvement in crucial projects and its reputation in the global construction arena make it a compelling choice for investors looking to align their portfolios with the promising prospects of the railway sector. So, IRCON should be a favorable investment option amid the changing dynamics of the railway industry. Check its shareholding :-
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| Shareholders | Dec 23 | Sep 23 |
|---|---|---|
| Promoters | 65.17% | 73.18% |
| FIIs | 4.11% | 4.01% |
| Mutual Funds | 0.48% | 0.02% |
| Insurance Companies | 0.29% | 0.30% |
| Other DIIs | 0.43% | 0.30% |
| Non-Institution | 29.52% | 22.19% |
Best Railway Stock
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Now we discussed our best and favorite stock which name is ‘RITES’ as significant is the focus on the preferred equity “RITES.” A deep dive into RITES’ business model, export initiatives and prestigious clientele in India paints a comprehensive picture of potential prosperity. ‘RITES’ a key player in the railway domain, emerges as a compelling investment option with a greatest order book and active participation in key governmental initiatives. We Emphasis is placed on his strong fundamentals and with a strong recommendation to consider holding these stocks for the long term, particularly in the dynamic period surrounding elections. Check its fundamentals :-
| Financial Metric | Value |
|---|---|
| Market Cap | Rs 19,643 Cr |
| Sector Return | 369.24% |
| Market Return | 21.52% |
| 1-Year Return | 140.74% |
| Valuation Ratio | 41.75 |
| PE Ratio | 7.46 |
| Price to Book Value | – |
| PEG Ratio | 18.64% |
| ROE (Latest Growth) | 26.75 |
| EV to EBIT | 24.25 |
| EV to EBITDA | Negative (Capital Employed) |
| ROCE (Latest Finance) | -23.45 |
| EV to Capital Employed | 6.41 |
| EV to Sales | – |
| Dividend | 2.52% |
| Dividend Yield | SAME |
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We heave presented here RITES’ business model, highlighting its export initiatives and prestigious clientele in India. The company’s potential prosperity in the evolving railway sector. However, consultation with financial advisors is deemed essential before making any investment decisions. Check its shareholdings:-
| Shareholders | Dec 23 | Sep 23 |
|---|---|---|
| Promoters | 72.20% | 72.20% |
| FIIs | 3.21% | 3.98% |
| Mutual Funds | 4.75% | 5.24% |
| Insurance Companies | 7.45% | 7.40% |
| Other DIIs | 0.08% | 0.08% |
| Non-Institution | 12.31% | 11.10% |
Conclusion
In summary, in the current budget sets the stage for strategic investments. With a focus on companies like IRCON and RITES, investors are encouraged to consider the unique opportunities presented by the changing dynamics of the railway industry. We hope guys u will like this article and share your friends
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(this information is only for education purpose, please consult your financial advisor before investment)
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