On 24th January, Wednesday, a sudden increase in railway stocks was attributed to the expectation that the government will announce more funding for the expansion of railway infrastructure in the forthcoming 2024 Budget. These railway stocks have been rising, partly due to anticipation of excellent Q3 earnings.
Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease
6.91%
₹2,24,397 Cr
Market Cap:
1 day return %
₹172.45
CMP
RVNL is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR
3.38%
₹62,268 Cr
Market Cap:
1 day return %
₹290.50
CMP
Ircon International is a sectoral leader in transportation infrastructure amongst the public sector construction companies in India with a specialization in the execution of Railway Projects on a turnkey basis
4.92%
₹22,675 Cr
Market Cap:
1 day return %
₹240.95
CMP
RailTel is creating nationwide broadband and VPN services, telecom, and multimedia networks, to modernize the train control operation and safety system of Indian Railways.
1.94%
₹12,710 Cr
Market Cap:
1 day return %
₹394.75
CMP