News > IRFC, RVNL, IRCTC: Railway stocks rally ahead of Budget-Key expectations

IRFC, RVNL, IRCTC: Railway stocks rally ahead of Budget-Key expectations

Shares of Indian Railway Finance Corp Ltd ( IRFC ) climbed 83% in the last one month while those of Rail Vikas Nigam Ltd have soared 84% during the same period. Shares of IRCTC are up 24%; Jupiter Wagons Ltd (up 31%) and Titagarh Rail Systems (up 14%) have also gained in the last one month, ahead of the interim Budget. Elara Capital said the government has been prioritising capital spending, especially for railways, roads and defence.