The railway stocks have moved up in the special trading session in anticipation of the Union Budget for 2025-26. On February 01, stocks such as IRFC, RVNL, IRCTC, RailTel, Titagarh, and several others gained more than 6%.
At 10:30 hours, the share price of Titagarh Rail Systems was trading near its intra-day high of Rs 1,100. The share price of RVNL rose over 3%, RITES up 3%, and many other railway stocks.
Even a day before the budget presentation, 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.
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It is anticipated that the budget for Indian railways could approach Rs 3 lakh crore this year, in contrast to Rs 2.65 lakh crore in the previous 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.
Nevertheless, the majority of them have experienced losses since the Union Budget of 2024-25 until January 31, 2025.
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