Jupiter Wagons led the rally, rising 15.20 per cent to Rs 293.55 on BSE. IRCON International Ltd soared 12.13 per cent to Rs 150.15. RVNL advanced 6.58 per cent to Rs 298.55.
Earlier, exchange filings from both companies highlighted that the NSE and BSE levied an identical fine of Rs 977,040 on both IRCON and RVNL.
RFC shares fell 1.85% to Rs 111.45 and RailTel stock closed 1.49% lower at Rs 331.45 on Friday.
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.




