• Source:JND
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Railway Stocks Today: Despite the weak sentiment in benchmark indices, railway-related stocks maintained their upward momentum on Friday, in contrast to the benchmark indices. Driven by new order wins and dividend-related expectations, major players like RVNL, IRCON International, IRFC, IRCTC, and BEML saw a significant rally.

RVNL Tops Gainers On New Order

Among its peers, Rail Vikas Nigam Ltd (RVNL) was the biggest gainer, rising nearly 11% to reach an intraday high of Rs 417.50 on the NSE. The large-cap stock is still 38% below its 52-week high of Rs 647, which was reached on July 15, 2024, despite the increase. However, since its 52-week low of Rs 275.90 one year ago, it has rebounded 33%.

A new contract worth Rs 115.79 crore that Central Railway had awarded set off the rally. In order to support a 3,000 MT loading target, the project entails upgrading the Itarsi–Amla section of the Nagpur Division's 1x25 KV electric traction system to 2x25 KV.

Also Read: RVNL Share Price: Railway Stock Jumps Nearly 10% On Fresh Order From Central Railways

IRCON Rallies Over 8% on New Project from North Western Railway

Following IRCON International's acquisition of a Rs 51.61 crore order from North Western Railway, the company's shares increased by more than 8% to Rs 191.90. Several railway divisions, including Jaipur, Ajmer, Bikaner, and Jodhpur, will benefit from the project's remote diagnostic and predictive maintenance system.

IRFC Shares Soar High

Indian Railway Finance Corporation (IRFC) also saw strong investor interest, with shares climbing nearly 8% to hit an intraday high of Rs 140.22 at the time of writing. This marks the third straight session of gains for the state-owned financial arm of Indian Railways.

Other Railway Stocks See Upstick

In addition to the index heavyweights, several midcap and small-cap railway stocks experienced notable growth. Early trading saw gains of 3–8% for the shares of IRCTC, BEML, Titagarh Rail Systems, Texmaco Rail, RailTel Corporation of India, RITES, Container Corporation of India, and Jupiter Wagons.

Also Read: Cochin Shipyard Share Price: Defence Stock Surges Over 10% On Q4 Results, Dividend Announcement

Disclaimer: This is just a piece of information about recent developments in stocks. Jagran does not advise investing, please do take experts opinion before investing.