Railway stocks steam ahead: Titagarh surges 6%, JWL, BEML, IRFC gain in strong market
Railway-linked stocks were in high demand on Tuesday morning, mirroring the upbeat sentiment in the broader markets. As of 10:13 AM, key stocks in the railway and infrastructure space were trading with solid gains.
Titagarh Rail Systems led the rally with a 6.28% jump to ₹944.50, followed by Jupiter Wagons (JWL) at ₹405.00, up 3.22%. BEML, a key player in rail and defence equipment, also gained 2.64% to ₹3,649.00.
Other notable gainers in the railway segment included: Texmaco Rail (TEXRAIL) : ₹158.36 ( +2.26% )
Indian Railway Finance Corporation (IRFC) : ₹139.13 ( +1.77% )
IRCON International : ₹191.24 ( +1.57% )
IRCTC : ₹793.95 ( +1.04% )
RITES : ₹277.75 ( +0.83% )
RVNL (Rail Vikas Nigam): ₹417.35 (+0.55%)
The gains came amid a broader rally in Indian equities, with Sensex up 571.94 points at 81,758.38 and Nifty up 178.85 points at 24,862.75, reflecting strong market-wide optimism.
Railway stocks remain in focus due to expectations of continued capex push, public-private partnerships, and infrastructure allocations in the upcoming Union Budget.
Disclaimer: This article is for informational purposes only and is based solely on publicly available data and provided inputs. It does not constitute investment advice. Always consult a qualified financial advisor before making investment decisions.
News desk at BusinessUpturn.com
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