Railway stocks saw strong upward momentum in early trade, with several companies recording notable gains. As of 10:08 AM, Rail Vikas Nigam Limited (RVNL) surged 8.29% to ₹361.00, emerging as one of the top gainers in the sector. Jupiter Wagons Limited (JWL) also saw a significant rise of 7.08%, trading at ₹320.65, while IRCON International gained 5.55% to ₹159.48.
Texmaco Rail & Engineering Ltd (TEXRAIL) climbed 5.41% to ₹145.40, and RITES advanced 3.77% to ₹212.10, reflecting positive investor sentiment in the railway sector. BEML Limited rose 3.53% to ₹2,678.65, while Titagarh Rail Systems added 3.56% to reach ₹806.50.
Meanwhile, Indian Railway Finance Corporation (IRFC) gained 3.06%, trading at ₹122.92, and IRCTC moved up 1.34% to ₹728.85. The strong performance in railway stocks comes amid optimism surrounding infrastructure development and increasing government focus on rail network expansion and modernization.
The sector remains in focus as investors anticipate more growth opportunities driven by increased capital expenditure in the railway sector, strong order inflows, and upcoming policy announcements.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
