Despite the slow pace of trading in the stock market on Wednesday, the third day of the week, there has been a huge rise in the shares of companies related to Indian Railways. There has been a big rise in the shares of RVNL and IRFC.
Railway shares had the highest rise
Talking about the railway stocks which registered the highest gains on Wednesday, Titagarh Rail and Jupiter Wagons topped the list and the shares of these companies saw a rise of 7 percent and 12 percent respectively. RVNL Shares: Talking about the shares of Rail Vikas Nigam Limited, a big jump was also seen in it. After opening at Rs 455.65, it touched Rs 482.50 or 5.14 per cent, while railway stock of RailTel Corporation of India Ltd also saw gains, rising 5.50 per cent. This part of the Railways is worth Rs. 435.80 and during trading, Railway shares increased by 5.50 percent to Rs 435.80. Reached the level of 461.20.
Meanwhile, the shares of Indian Railway Finance Corporation (IRFC) also witnessed a strong rise on Wednesday and this share of Railways increased by 5.60 percent during trading. The shares of the railway company opened at Rs 156.85 and reached a high of Rs 165.99. Talking about other railway shares, shares of Indian Railway Catering and Tourism Corporation i.e. IRCTC rose by 2.60 percent to Rs 857, while shares of BEML reached Rs 4549 with a rise of about 3 percent.
What is the reason for the increase in railway stocks?
There was a huge rise in railway shares during trading in the stock market on Wednesday. There was a huge fall in these stocks last month in November, but now they seem to be in a strong recovery mode and most of the railway stocks have improved. Apart from this, the impact of getting big orders from railway companies has also been positive on the shares of the companies.
