Railway stocks rally up to 12%; multibaggers IRFC, RVNL top gainers
Shares of the state-run Indian Railway Finance Corporation (IRFC) jumped over 12% to hit a fresh 52-week high of Rs 146.80 on the NSE in Tuesday’s trade. It was not the lone railway stock on the fast track as its peers Rail Vikas Nigam Limited (RVNL), Jupiter Wagons, Titagarh Rail Systems, Ircon International and Texmaco Rail & Engineering also gained up to 5%.
RVNL, Titagarh and Texmaco Rail also hit their fresh 52-week highs in trade today. The stocks have been rallying ahead of the Union Budget 2024.
