SBI Securities said that Union Budget 2026 places a strong emphasis on structural reforms and fiscal discipline, aiming to accelerate and sustain India’s economic growth.
Railway shares such as IRCTC rose 1% to Rs 630.35, Titagarh Rail gained 2% to Rs 840, Ircon International inched up 1.5% to Rs 166.95 and RVNL rose 1% to Rs 345.60.
Union Budget 2026: Railway shares such as IRFC shares gained 3.20% to Rs 124 and RailTel stock rose 4.45% to Rs 369.60.
RVNL, RailTel, IRCTC, Titagarh Rail, IRFC, Ircon International shares: Analysts attribute weakness in the railway stocks to high valuations and subdued quarterly earnings of rail sector firms.
An analyst from Mirae Asset ShareKhan believes that the budget is expected to significantly benefit sectors like defence, capital goods, and infrastructure.
Railway stocks: IRFC stock was trading 0.65% lower at Rs 114.10 and IRCTC shares fell 0.07% to Rs 673.15 in the current session.
Stocks including Tata Steel, State Bank of India, Vedanta, Cochin Shipyard, Ircon, Afcons Infra, IRCTC, SpiceJet, Nazara Tech and more will be in the spotlight on Thursday, November 13.
Railway stocks: RVNL, the top loser is down 36%, followed by IRCON (31%), IRFC (28%), RailTel (25%) and IRCTC (18%) from their 52-week highs.
IRCTC, Titagarh Rail, Ircon, RVNL, Texmaco Rail: Earnings of railway firms have been subdued this year with investor sentiment taking a hit due to disappointment in the Union Budget 2025 and weak sentiment in the broader market.
An analyst from Anand Rathi said that IRFC has been moving in a consolidation phase between Rs 120-128, reflecting a range-bound sentiment after its recent rally.
Railway stocks: Texmaco Rail, the top loser is down 38.56%, followed by RVNL (30%), Titagarh Rail (28%), IRFC (21%), RailTel (12.36%) and IRCTC falling 12.43% in a year.
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