return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. Titagarh Rail Systems, IRFC, IRCTC, Rail Vikas Nigam, Ircon, other railway stocks rise up to 9.4%; here's why

Market News

Titagarh Rail Systems, IRFC, IRCTC, Rail Vikas Nigam, Ircon, other railway stocks rise up to 9.4%; here's why

Upstox
By Upstox News Desk

2 min read | Updated on December 11, 2024, 13:04 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Shares of Titagarh Rail Systems climbed as much as 9.4% to ₹1,347.80 on the National Stock Exchange (NSE). At 12:15 pm, the scrip traded 7.12% higher at ₹1,319.

Stock list

TITAGARH
--
IRFC
--
IRCTC
--
JWL
--
RVNL
--
Indian Railway Finance Corporation (IRFC) stock climbed to 5.4% ₹165.39 per share.

Indian Railway Finance Corporation (IRFC) stock climbed to 5.4% ₹165.39 per share.

Shares of railway companies skyrocketed on Wednesday, December 11, amid expectancies of a recovery in capital expenditure by the central government and key announcements in the Union Budget 2025.

Shares of Titagarh Rail Systems climbed as much as 9.4% to ₹1,347.80 on the National Stock Exchange (NSE). At 12:15 pm, the scrip was trading 7.12% higher at ₹1,319.
Indian Railway Finance Corporation (IRFC) stock jumped to 5.4% ₹165.39 per share, while Ircon International surged 4.99% to ₹233.75 apiece.
Indian Railway Catering and Tourism Corporation (IRCTC) shares rose 1.9% to ₹850.9 a unit.
Top Buzzing Stocks: Jupiter Wagons, cement stocks, Adani Ports, Mishtann Foods, Swiggy, PNC Infratech
The stock of Rail Vikas Nigam were trading at ₹473.7, reflecting a gain of 3.29%.
Shares of RailTel Corporation, a Navratna public sector undertaking (PSU), was up 3.2% to ₹449.55 per share. The market capitalisation of the company stands at ₹14,427.79 crore.

Jupiter Wagons share price rises up to 13%

Railway freight wagons manufacturer Jupiter Wagons shares ascended 10.72% to ₹550.3 apiece on the NSE. Intraday, it hit a high of ₹561.9, an uptick of 13%.

On November 25, the Cabinet Committee on Economic Affairs led by Prime Minister Narendra Modi approved three rail projects with a cost of ₹7,927 crore.

The projects are the Bhusawal-Khandwa third and fourth lines (131 km), Jalgaon-Manmad fourth line (160 km) and Prayagraj (Iradatganj)-Manikpur third line (84 km).

In a statement, the government had said, "The proposed multi-tracking projects will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections between Mumbai and Prayagraj."

It added, "The projects are in line with Hon’ble Prime Minister Shri Narendra Modiji’s vision of a New India, which will make people of the region ‘Atmanirbhar’ by way of comprehensive development in the area, which will enhance their employment/self-employment opportunities."

These projects will cover seven districts in Maharashtra, Uttar Pradesh and Madhya Pradesh, expanding the Indian Railways network by around 639 kilometres.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story