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HomeMarket NewsRVNL, IRCON, RITES, other railway shares surge up to 30% this week; What lies ahead
Despite the upmove seen by these railway companies this week, most of these stocks are still down between 35% to 50% from their all-time high levels that they had seen in 2024. Stocks like Titagarh, which at one point, was down nearly 65% from its peak, is still down 51% from those levels.
By Hormaz Fatakia May 16, 2025, 12:54:27 PM IST (Published)
Shares of India's railway PSUs, Rail Vikas Nigam Ltd., IRCON Ltd., RITES Ltd.
among others have gained between 7% to 10% on Friday, May 16, extending their gains for the week.
This week so far, shares of RVNL, RITES, Jupiter Wagons, RailTel, have gained between 25% to 30% each, and feature among the top performers on the Nifty 500 index.
Titagarh Rail, the private sector railway company, has also gained 34% so far this week.
| Stock | Weekly Returns |
| Titagarh Rail | 34% |
| IRCON | 29% |
| RVNL | 28% |
| RITES | 27% |
| Jupiter Wagons | 27% |
| RailTel | 25% |
There has been no specific trigger for the upmove seen in railway stocks to move higher, other than the improving sentiment in the equity market, which has driven investors back towards state-run companies, including railways and defence. Most of these names have also corrected significantly from their all-time high levels.
Rail Vikas Nigam, on Thursday, announced that it has received the Letter of Award (LoA) from the Central Railway, for OHE Modification Work, for upgradation of existing 1x25 KV Electric Traction System to 2x25 KV at the feeding system in the Itarsi-Amla section in the Nagpur Division to meet the 3,000 MT load target.
RVNL said that the value of their order win is ₹116 crore and needs to be completed over the next 24 months.
Despite the upmove seen by these railway companies this week, most of these stocks are still down between 35% to 50% from their all-time high levels that they had seen in 2024. Stocks like Titagarh, which at one point, was down nearly 65% from its peak, is still down 51% from those levels.
| Stock | Below Peak Levels |
| RVNL | 36% |
| IRCON | 45% |
| IRFC | 40% |
| RailTel | 37% |
| RITES | 31% |
| Titagarh | 51% |
In an interaction with CNBC-TV18 on Thursday, Rahul Mithal, the Chairman and Managing Director at RITES had mentioned that the company is likely to have an order book worth ₹10,000 crore by the end of the year.
He also said that RITES may see a 20% topline growth and 10% profit growth in the new financial year, considering the order inflows during the March quarter.
IRFC is also aiming for ₹30,000 crore in disbursements in financial year 2026 and is looking to diversify the loan book from the railways.
