The spotlight is on the railway ahead of the Union Budget of 2025-26. Stocks like IRFC, RVNL, IRCTC, RailTel, Titagarh, and many others closed the counters on a higher note on January 31. However, most of them have given negative returns from the Union Budget 2024-25 to January 31, 2025.
On Friday, the stock of Rail Vikas Nigam rose 10% to a high of Rs 481.50, intra-day. Similarly, the share price of BEML surged 9.6% higher, intra-day, to Rs 3,882. The share price of Titagarh Rail Systems rose 8% to an intra-day high of Rs 1,036.95. IRCTC’s share price rallied as much as 6.4% during the trade to Rs 828.80 on January 31. Many other railway stocks followed the same path a day before the Union Budget 2025-26.
The expectations are that the budget for Indian railways may rise close to Rs 3 lakh crore this year, compared to Rs 2.65 lakh crore in the last budget. This may have a positive effect on stocks like Titagarh Rail Systems, Container Corporation (ConCor), RITES, and many others due to the expected increased budget allocation towards safety enhancement.
RailTel: The company helps in implementing the Kavach system. The stock has risen 9% in the past five trading sessions. However, the stock has fallen 3.5% from February 01, 2024, to January 31, 2025.
Titagarh Rail Systems: The stock has given a 10% return in the past five trading days. From the budget 2024-25 to January 31, 2025, Titagarh’s share price has fallen 5.6%. The company is engaged in the business of manufacturing wagons and coaches.
ConCor: The share price of Container Corporation of India has risen 4.5% in the past five days. The stock of ConCor has fallen 15.5% from the last budget. The company is engaged in the business of transportation and handling of containers.
BEML: One of the primary manufacturers of Vande Bharat will surely remain in focus on February 01, 2025. The share price of BEML has risen over 10% in the past five trading sessions. The stock has given a return of 1.6% from the last budget to January 31, 2025.
RVNL: The share price of RVNL was up all high on January 31.
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