Railtel, RVNL and other railway PSU stocks rise up to 5% ahead of Union Budget 2025; check details

Shares of RailTel Corp rallied as much as 4.86% to an intraday high of ₹426.4 apiece on the NSE in early deals. However, the stock pared some of the gains to trade 2.83% higher at ₹418.1 apiece at 9:55 am.

The state-owned railway sector company informed the stock exchange about securing an order from the Department of Education Samagra Shiksha. The order pertaining to supply and services is worth ₹15.98 crore (including tax). The company also received an order, worth ₹100 crore, from a Defence PSU to set up a DC and DR centre.

As per the order from the Department of Education Samagra Shiksha, the railway PSU will establish robotics, drone and Atal Tinkering Labs in 160 government schools across Himachal Pradesh. The order will be executed by November 2025.

The order from the Defence PSU will be executed by May 2025, the company informed the stock exchanges.

The railway PSU also bagged another order from Maharashtra State Power Generation Company Ltd for the restructuring of its IT network. The order, worth ₹104 crore, pertains to the restructuring of the IT network. Railtel will execute the order by January 2030.

Meanwhile, the railway stocks rallied up to 10% in morning deals ahead of the Budget announcement. As Finance Minister Nirmala Sitharaman presents her eighth straight Budget, railway stocks gained amid expectations of the announcement of higher allocation for the Indian Railways with a focus on capital expenditure and infrastructure upgradation. The rally was seen in leading railway stocks like IRCON International, RailTel Corporation, Rail Vikas Nigam Ltd, IRFC, IRCTC and BEML.

After opening marginally lower at ₹476.30 apiece on the NSE, shares of RVNL rose over 5% in the early deals to touch an intraday high of ₹501.8 apiece. Indian Railway Finance Corporation (IRFC) stock jumped 3% to touch a high of ₹155.52 apiece on the NSE.

Shares of IRCTC also increased up to 1% to an intraday high of ₹831.75 apiece on the NSE. Jupiter Wagons Ltd stock rose as much as 7.6% to a high of ₹431 apiece on the NSE.

IRCON International rose over 3.6% to a high of ₹229.5 apiece in the morning deals on NSE.

Finance Minister Nirmala Sitharaman is set to table the Budget 2025 in Parliament today amidst expectation of a key announcement to boost consumption.