There will be huge earnings in Railway PSU Stock, it has given 200% return in 1 year; Know the expert's target

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Railway PSU Stocks to BUY: Experts have advised to buy Ircon International from short term perspective. The company's results are going to come next week. Know target and stoploss details.

Railway PSU Stocks to BUY: The stock market remained bullish for the second consecutive day. This week Sensex closed at 64363 points and Nifty at 19230 points. Diwali time is near. In such a situation, investors are looking for good quality stocks for themselves. If you want to invest for short term then experts have chosen railway stock Ircon International for you. Its result is going to come next week on 9th November. Know the complete details of investment.

 The company does engineering projects for railways

IRCON International is a PSU engineering company which mainly works for Railways. This company does building, highway, bridge, electrical projects for Indian Railways. The company does projects in 25 countries outside the country. The order book of the company is Rs 32500 crore. The company has also started the work of setting up renewable power projects.

Ircon International Share Price Target

 Experts have given a target of Rs 160 and stoploss of Rs 135. This share is currently at Rs 142. In this situation, the target price is about 13 percent higher. This stock has given returns of about 50 percent in three months, 140 percent so far this year, about 200 percent in one year and 280 percent in three years. The government has a mega plan for railways and more than Rs 2 lakh crore is being spent every year. In such a situation, the growth of this company can easily be 20-25 percent in the next 3-4 years.

 Capacity Infra Share Price Target

 Experts have selected another stock from the cash market, Capacity Infra, for short term. This share closed at Rs 213. This company works for high rise buildings and big real estate players are its clients and does construction work for them. The fundamentals of the company are strong. Target of Rs 225 and stoploss of Rs 205. 52 week high for this stock is Rs 248 and low is Rs 108. So far this year, this stock has given a return of 40 percent.