BEML, Jupiter Wagons, RVNL and other railway stocks surge up to 20% after Indian Railways revises fares

Jupiter Wagons, Titagarh Rail Systems, Railtel, and other railway-related stocks saw strong investor interest today. Most of the railway stocks were trading in the green, rising between 2% to 20% intraday.

A strong stock rise in railway stocks comes after Indian Railways announced a revised fare structure starting from December 26, 2025. Under the revised railway fare, passengers travelling up to 500 km will have to pay an additional ₹10 for both AC and non-AC coaches. Meanwhile, short-distance journeys remain unaffected as there is no fare increase for journeys under 215 km in ordinary class.

For journeys beyond 215 km, there will be a fare hike of 1 paise per km in ordinary class, and 2 paise per km for Mail/Express non-AC and AC classes. Indian Railways has clarified that its move to increase fares, mainly on longer routes, is aimed at generating revenue to meet increased expenses. The fare hike is projected to boost railway earnings by ₹600 crore, helping cover rising manpower costs and other expenses.

*stock price as of December 22 closing

As seen in the above table, railway and railway-linked PSU stocks saw a strong surge today. However, despite the rise, most railway stocks have shown weak performance on a year-to-date (YTD) basis and are down considerably from their 52-week high.

IRCTC shares are trading higher today, but are still down over 13% year-to-date and over 18% below its 52-week high of ₹831.7 apiece set on 1 February 2025. BEML gained 4.3% in today’s session, yet remains 11.5% lower in 2025 and over 26% down from its 52-week high of ₹2,437 set on 23 June 2025.

Jupiter Wagons shares hit 20% upper cricuit after its promoter Tatravagonka AS acquired a 0.55% stake, or 28.72 lakh shares, in the company for ₹135 crore at ₹470 per share. The stock is still the worst performer among the railway stocks, down 38.5% so far this year and more than 43% from its 52-week high of ₹548.5 per share.