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Railway stocks surge on strong results, IRFC fundraise plans
short by / on Wednesday, 4 June, 2025
Indian railway stocks rallied with Ircon International up over 10%. RailTel and Texmaco Rail & Engineering gained 8%, while RVNL and RITES rose over 5%. This surge, following a market correction, was fueled by strong quarterly results like RailTel's 46% net profit jump and RITES' record ₹8,877 crore order book, plus IRFC's ₹60,000 crore fundraising plan.