Railway sector stocks are witnessing strong gains ahead of the Union Budget 2025, driven by expectations of increased allocations for rail infrastructure and modernization. As of 10:33 AM, Titagarh Wagons led the sector rally, surging 6.56% to ₹1,085.80, reflecting investor optimism around potential capex boosts. Jupiter Wagons (JWL) followed closely, rising 5.58% to ₹423.00, while RITES Ltd climbed 3.24% to ₹269.30.
Other prominent railway stocks also posted notable gains. Rail Vikas Nigam Ltd (RVNL) rose 2.97% to ₹490.45, while Texmaco Rail gained 2.09% to ₹200.69. BEML advanced 2.06% to ₹3,924.05, and Indian Railway Finance Corporation (IRFC) added 1.98% to trade at ₹153.93.
Meanwhile, IRCON International saw a 1.55% rise to ₹224.87, and IRCTC posted modest gains of 0.44%, trading at ₹825.90.
The rally comes as investors anticipate favorable announcements in the budget, including higher rail capex, new Vande Bharat train projects, and modernization of rolling stock. Additionally, focus on dedicated freight corridors and electrification projects is expected to boost demand for companies involved in rail manufacturing, engineering, and financing.
(Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.)
