Shares of IRFC, RVNL, Texmaco Rail and Titagarh Rail Systems surged in Tuesday’s trade, hitting fresh 52-week highs. These railway stocks are rallying ahead of the Union Budget 2024. IRFC has gained 46% in the last five trading sessions and delivered 328% returns in the past 12 months. With a market cap of over Rs 1.85 lakh crore, IRFC is the largest railway stock on the Indian exchanges. RVNL, Ircon International, Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail have also outperformed the Nifty, with significant gains ranging from 135% to nearly 300%.
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