railway stocks news

5 railway stocks jump up to 7% ahead of Union Budget 2024

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5 railway stocks jump up to 7% ahead of Union Budget 2024

After falling 7-14% in Tuesday’s trade, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India surged in Wednesday’s trade between 3-7% ahead of the Union Budget 2024.According to the analysts, the sharp rally in the railway pack was attributed … Read more

Railway stocks tank up to 16% amid profit booking. Ircon, RITES among top laggards

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Railway stocks tank up to 16% amid profit booking. Ircon, RITES among top laggards

Railway stocks fell up to 16% on Tuesday amid profit-booking, following a strong rally ahead of the Union Budget 2024. The decline was led by Ircon International (16%), followed by state-run Rail Vikas Nigam Limited (RVNL) and RITES, which fell up to 8.5%. The country’s most valuable railway counter, Indian Railway Finance Corporation (IRFC), dropped … Read more