Shares of raliway-related stocks have witnessed a fabulous rally in recent trading sessions. Overall so far this calendar year, Titagarh Wagons and Rail Vikas Nigam were the top performers, up 87 per cent and 80 per cent, respectively. Texmaco Rail & Engineering surged 56 per cent, while Rites and Ircon International gained 43 per cent and 25 per cent, respectively.
Meanwhile, Indian Railway Catering and Tourism Corporation (IRCTC) was the only stock to have underperformed, down 10 per cent on a YTD basis.
The significant rally in railway stocks commenced in late August with select counters observing a significant jump in volume based buying. Specifically, Rail Vikas Nigam saw rise in daily volumes with the counter clocking the highest volume since November 2021. Likewise, RITES too experienced sharp spike daily volumes rise, a trend last seen in July 2020.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
-
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
-
26 years of website archives.
-
Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Wed, November 16 2022. 12:05 IST
RECOMMENDED FOR YOU