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.
IRCON: The rail PSU's shares turned ex-dividend on September 11. The board had declared a dividend of Re 1 per equity share with a face value of Rs 2 each, payable on October 18.
An analyst from YES Securities said that IRCON International has seen a significant surge, rising from Rs 190 to Rs 223, mirroring the broader rally in rail stocks on fourth June.
RVNL, IRCON shares: Brokerage firm Antique Stock Broking see up to 46 per cent downside risks in Rail Vikas Nigam & IRCON International after Q4 results.
Railways stocks: All seven listed railway PSUs were soaring higher up to 5 per cent on Tuesday after IRCTC and IRFC were lifted to the status of Navratna company.
An analyst from Anand Rathi said that RVNL appears slightly bearish as it is testing the critical support level at the current juncture and a wait-and-watch approach is advisable.
Stocks such as Jupiter Wagons Ltd (up 58 per cent), Indian Railway Finance Corporation Ltd (47 per cent), BEML Ltd (44 per cent), Ircon International Ltd (22 per cent) and Railtel (18 per cent) advanced up to 58 per cent in 2024 so far.
Railway stocks took a beating on Friday after Rail Vikas Nigam (RVNL) and Ircon International reported a weak set of numbers in the quarter ended on September 30, 2024.
An analyst at Anand Rathi said that Ircon displayed some encouraging technical signals in the previous trading session, despite trading below its 200-DEMA, which typically signals a bearish trend.
Cochin Shipyard shares surged 10 per cent to lock at their upper circuit limit of Rs 1,846.55. HUDCO soared 7.79 per cent to Rs 248.30. Mazagon Shipbuilders saw its shares rallying 7.14 per cent to Rs 4,349.





