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Railway stocks: Titagarh, RVNL, RailTel, IRFC shares gain ahead of Budget
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Railway stocks surge in anticipation of Budget boost
Economy

Railway stocks surge in anticipation of Budget boost

Economy Desk By Economy Desk February 1, 2025 1 Min Read
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Railway-related stocks saw a significant uptick in early trading on Saturday ahead of the budget announcement for FY26. Titagarh Rail Systems, Rail Vikas Nigam Ltd (RVNL), RailTel Corporation of India, RITES, Texmaco Rail, IRFC, BEML, Ircon International, IRCTC, and Container Corporation all experienced a surge in their stock prices.

Titagarh shares jumped nearly 8% to reach an intra-day high of ₹1,100 on the NSE, trading 6.57% higher at ₹1,085.85 by 10:53 am. RVNL shares also surged by 5%, crossing the ₹500 mark in early trading and trading at ₹493.80, up by 3.67% at 10:55 am.

RailTel shares were up by 3.22% at ₹419.70 on the NSE, benefitting from multiple work orders. IRFC shares saw a 3% increase, hitting a high of ₹155.52 and currently trading at ₹154.16.

Texmaco Rail & Engineering shares rose by 2.32% to ₹201.14, RITES shares surged by 4.08% to ₹271.50, BEML shares gained 2.08% to ₹3,924.80, and Ircon International shares increased by 1.87% to ₹225.56.

Container Corporation and IRCTC shares traded flat at ₹778 and ₹828.50, respectively.

The momentum in railway-related stocks ahead of the budget presentation indicates investor optimism and interest in the sector’s potential growth.

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