IRCTC, Texrail, RITES: IRFC IPO may spark rally in railway-related stocks

Railway-related stocks such as IRCTC and RITES may see a sharp surge once significant resistances are breached

Indian Railway Finance Corporation's (IRFC's) three-day IPO opened for subscription on Monday with a price band of Rs 25-26 per share. At the upper end of the price band, the firm looks to raise nearly Rs 4,633.4 crore. 

According to analysts, IRFC's attractive valuation, healthy return-ratios, expectations to post strong growth, relatively low risk business model, strategic role in financing growth of Indian Railways, and long term prospects considering electrification and network expansion makes it an attractive long-term bet. READ MORE

Over the past one year, IRCTC has outpeformed the benchmark Nifty50 index by surging 46 per cent on the