India’s railway stocks are surging ahead at a fast and furious pace. Companies like Ircon International, RailTel Corporation, Texmaco Rail, RVNL, IRFC, and Titagarh Rail Systems have caught the market’s attention once again, registering gains of up to 15% over the past five trading sessions.
This renewed rally is not just about market momentum. It is being powered by a strong fundamental triggers such as fresh government orders, capital expenditure push, and also a positive outlook amongst investors about the future of India’s rail infrastructure.
Here’s a closer look at what is fuelling this rally, and how each stock has performed:
Ircon International: 15% jump in 5 days
Ircon International has emerged as one of the biggest gainers, clocking nearly 15% returns in just five sessions. The surge is not a flash in the pan. The share price of Ircon International over the past one month has jumped 39%.
However, the longer term performance paints a mixed picture. While it gained marginally over the past six months around 1%, its yearly returns are still in the red at 7% decline. In 2025 so far, the stock is up 1%.
The company currently holds a market cap of Rs 20,470 crore, with its 52-week high at Rs 351.60 and low at Rs 134.24.
RailTel Corporation: Riding on digital rail push
RailTel has gained 13% in five days, driven by the government’s push for digital infrastructure in the railways. The past month saw the stock leap 41%, while year-to-date it is up 12.18%.
The long-term view is also positive, with 27.73% gains over the past year. RailTel’s market cap stands at Rs 14,240 crore. Its price-to-earnings ratio is 47.81, and it offers a dividend yield of 0.45%.
The 52-week high of the company is Rs 617.80 and a low of Rs 265.50.
Texmaco Rail: Signs of recovery amid recent orders
Share price of Texmaco Rail posted a 7.1% gain over the last five days, and a 24.78% rise over the past month mainly due to a fresh Rs 122 crore traction transformer order from Mumbai Railway Vikas.
Despite this short-term momentum, the stock has been under pressure in the past six months where the stock declined 20.24% and is down 11.35% in 2025 so far. Market cap is currently around Rs 6,970 crore, with a 52-week high at Rs 296.49.
RVNL (Rail Vikas Nigam): Nearly 3% gain in 5 days
RVNL share price gained 2.7% in the past five days, following a MoU with Texmaco for manufacturing and rail innovation. Over the last month, the share price of RVNL is up 22.06%.
It has remained relatively flat in the last six months, down by 2.36%, but delivered a yearly return of 22.50%. Year-to-date gains are at 1.12%.
RVNL’s market capitalisation has swelled to Rs 89,270 crore, and the stock is seen as a steady play in the government-led rail push.
Titagarh Rail Systems: Still recovering from recent dips
Titagarh Rail Systems share price posted a 3.85% rise in the last five days and 28.53% in a month, but the longer-term performance remains challenged. It is down over 20% in the past six months, and has struggled year-to-date.
The company remains key to India’s metro and coach manufacturing programs. Its 52-week high is Rs 1,896.95, while the low is Rs 654.55.
What is driving the rally
Government orders and contracts
Recent big-ticket orders are a major tailwind. Ircon bagged a Rs 1,068 crore EPC contract from East Central Railway. RITES signed an MoU with Shree Cement, and Texmaco secured orders for transformers, adding a major boost to the company’s performance.
Jefferies on Railway
The brokerage firm Jefferies in its report noted, “Rail capex met FY25 RE growth of 4% YoY despite a 4% YoY decline in March. Govt.’s enhanced focus on roads and rail from FY20 reached a stage of lower growth in the FY25 budget and has continued.”
