Rail stocks are in the spotlight after the Cabinet approved eight major railway projects. Check the buy call and share price target for that.

On August 9, the cabinet approved eight major railway projects. The project is worth Rs 24,660 crore and is expected to be completed in 2030-31. Brokerage Prabhudas Lilladhar has issued a new railway thematic report and issued a buy call on 6 railway stocks from a medium-term perspective.

These stocks include RVNL, IRCON, IRC and others. Let's take a look at their share price targets and stop losses.

Top 6 Railway Stocks for Buy and Share Price Targets According to Brokerage Prabhudas Lilladhar

Rail Vikas Nigam Limited Share Price Target

The brokerage has suggested Rail Vikas Nigam Limited (RVNL) a Buy with a target price of Rs 650-715. Stop loss should be Rs.500.

IRFC share price target

Brokerage Prabhudas Lilladhar suggested buying shares of Indian Railway Finance Corporation Limited (IRFC). Target Rs 230 to Rs 250 and stop loss Rs 168.

IRCON share price target

Brokerage Prabhudas Lilladhar maintained IRCON International Limited with a target price of Rs 330-380 and Rs. Placed a buy call with a stop loss of 245.

Jupiter Wagons share price target

Brokerage Prabhudas Lilladhar also recommends buying shares of Jupiter Wagons. Share price target of Rs 670 to Rs 710 and stop loss at Rs 535.

RailTel share price target

Brokerage Prabhudas Lilladhar gave a buy call on RailTel with share price The target is Rs 555-620 and the stop loss is Rs 430.

Titagarh Rail System Share price target

The brokerage also suggests buying shares of Titagarh Rail System with a price target of Rs 1,740-1,890 and a stop loss of Rs 1,270.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.)