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.
Budget 2026: Analysts and industry players noted that Indian Railways have already utilised over 80 per cent of its Rs 2,52,200 crore capital outlay for FY26 by December 2025.
GTL Infrastructure Ltd has plunged 45 per cent, IREDA eroded 35 per cent of its market value, RattanIndia Power Ltd lost 33 per cent while Reliance Power tumbled 23 per cent during the one-year period.
Jupiter Wagons recorded average gains of about 20 per cent five weeks before the Budget, with an 80 per cent win ratio, while Texmaco posted average returns of nearly 15 per cent over the same period.
RailTel shares jumped 8.11 per cent to trade at Rs 385.45 compared to a previous close of Rs 356.55, while the heavyweight financing railway arm IRFC rose 8.65 per cent to Rs 131.95.
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.
ITC, Indian Railway Finance Corporation Ltd (IRCTC) and Suzlon Energy Ltd disappointed investors, tumbling over 10 per cent each.
SMC Global said that Uno Minda has shown a consistent upward trend, after forming a strong base near Rs 850-900 levels as it broke above the 200-DEMA, indicating a shift in medium-term.
IRCTC shares: Prabhudas Lilladher remains optimistic about IRCTC's prospects, expecting a sales and PAT CAGR of 11 per cent over the next two years.





