Business Standard

Monday, December 23, 2024 | 09:11 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

RVNL, Rites, IRCTC: Rail-related stocks on fast track, can rally up to 16%

So far in 2022, Titagarh Wagons and Rail Vikas Nigam have zoomed 87 per cent and 80 per cent, respectively. Texmaco Rail and Rites too logged smart gains. IRCTC is the sole underperformer.

Indian Railways cancelled 128 trains on Wednesday, August 24
Premium

Indian Railways

Avdhut Bagkar Mumbai
Shares of raliway-related stocks have witnessed a fabulous rally in recent trading sessions. Overall so far this calendar year, Titagarh Wagons and Rail Vikas Nigam were the top performers, up 87 per cent and 80 per cent, respectively. Texmaco Rail & Engineering surged 56 per cent, while Rites and Ircon International gained 43 per cent and 25 per cent, respectively.

Meanwhile, Indian Railway Catering and Tourism Corporation (IRCTC) was the only stock to have underperformed, down 10 per cent on a YTD basis.

The significant rally in railway stocks commenced in late August with select counters observing a

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in