Shares such as Titagarh Rail, RVNL, IRFC, and IRCTC were the top gainers among the railway players
Shares such as Titagarh Rail, RVNL, IRFC, and IRCTC were the top gainers among the railway playersShares of railway sector rose up to 11% on Friday with the counter showing strong investor interest amid a correction in the broader market. Shares such as Titagarh Rail, RVNL, IRFC, and IRCTC were the top gainers among the railway players. Titagarh Rail Systems gained up to 14.31% to reach Rs 924.90 against the previous close of Rs 809.10 on BSE. RVNL stock was another gainer rising 11.11% to Rs 417.70 against the previous close of Rs 375.90.
Shares of RailTel rose 8.52% to Rs 392.85; Jupiter Wagons up 10.42% to Rs 428.60 and Ircon International, adding 8.33% to Rs 192.30 on BSE.
Other railway-related stocks also experienced impressive gains. IRFC advanced 7% to Rs 140.20, Texmaco Rail gained 6.55% to Rs 164.90, IRCTC climbed nearly 4% to Rs 815.35 and CONCOR shares rose 6% to Rs 729.
Analysts say this rally is part of a broader bullish trend in the Indian stock market, specifically within the small-cap sector, which has seen gains exceeding 8% this week.
The announcement of a ceasefire between India and Pakistan, and positive strides in US-India trade talks also favoured sentiments around the railway stocks.
He cautioned that the short- to medium-term outlook for railway stocks remains negative, largely due to a lack of substantial budget increases for the railway sector in FY26.
In a key update, RVNL has secured an infrastructure contract valued at Rs 115.79 crore from Central Railway.
RVNL stock gained over 11% on an intra day basis. "Rail Vikas Nigam Limited has received LOA from Central Railway for OHE Modification Work for Up-gradation of existing 1x25 KV Electric Traction System to 2x25 KV at Feeding System in Itarsi - Amla Section in Nagpur Division of Central Railway to meet 3000 MT Loading Target,” said RVNL.