Jupiter Wagons To Texmaco Rail, 5 Railway Stocks That Gave The Highest Profits In 2023

One of the first significant booms seen in Indian investment is credited to Railway Stocks. Railways play an important role in boosting the economy of the company. Businesses in the railway industry play a significant role in the transportation of both individuals and goods via railway tracks. Indian Railways is the backbone of the country and is the largest employer which also connects various businesses. Indian Railway’s stock market has reached new heights in 2023. While the market saw a steep decline on Wednesday, December 20, 2023, there have been a few stocks which gave tremendous returns to investors in the year 2023.

Here are five railway shares that are included among the stocks giving multi-bagger returns.

Titagarh Rail Systems

Among the railway stocks, the share of Titagarh Rail Systems has resulted in the highest profit for investors in 2023. In the last year, this multi-bagger stock surged over 425 per cent whereas, in the last five years, it has given an 825 per cent return to the shareholders.

Jupiter Wagons

Recently, the shares of multi-bagger Jupiter Wagons Ltd ended over 4 per cent higher on December 14, 2023. Against the previous close of Rs 314.95 on BSE, its shares ended 4.51 per cent higher at Rs 329.15. In 2023, the shares have given 229 per cent to investors and have gained 105 per cent in the last six months.

Indian Railway Finance Corporation

Shares of the Indian Railway Finance Corporation (IRFC) are included in the list of multi-bagger stocks that gave high returns. IRFC gave 191 returns to investors in 2023. In the last month, this stock gave 26 per cent profit to investors.

Texmaco Rail

The main supplier of wagons to the Indian Railways is Texmaco, which is known for designing wagons catering to cement, coal and chemical industries. The increase in demand created an excellent opportunity for Texmaco Rail to strengthen its manufacturing branch. It has given huge profits to investors in 2023. Its stock has jumped by 193 per cent.

Rail Vikas Nigam Limited

Shares of Rail Vikas Nigam Limited (RVNL Stock) resulted in huge profits for shareholders. It has given 153 per cent. On December 21, the shares of RVNL were trading at Rs 173.65 on BSE with a rise of 0.73 per cent.