Indian Railway Stocks to Watch Out
Railway stocks rally continues...
The Indian railway sector has long been a central pillar of the nation’s transport infrastructure, playing a vital role in the economy.
Reflecting its significance, the Interim Budget for 2024-2025 earmarked an impressive Rs 2.55 lakh cr for the Indian Railways, marking a 5.8% increase from the previous year’s budget.
This financial commitment spurred investor confidence, propelling railway related stocks to notable heights, with many recording double-digit growth in the past year..
As an astute investor, understanding the importance of railway shares in India in your investment portfolio can unlock a world of potential, offering both stability and growth opportunities.
Indian Railway Catering & Tourism Corporation Ltd (IRCTC)
IRCTC, a midcap government-owned company, is a prominent player in India's railway sector. It offers catering, tourism, and online ticketing services for Indian Railways and is one of the largest railway catering companies globally. Additionally, IRCTC provides luxury tourist trains, hotel bookings, and various tourism packages.
Container Corporation of India Ltd (CONCOR)
CONCOR, a Navratna PSU under the Indian Ministry of Railways, offers comprehensive logistics solutions, including storage, handling, and transportation of containerized cargo. Holding 9.91% of the market share, CONCOR is a leading midcap stock in the railway sector.
Indian Railway Finance Corporation Ltd (IRFC)
IRFC is the financing arm of Indian Railways, raising funds for railway projects and infrastructure development. It primarily leases rolling stock (locomotives, coaches, wagons) to Indian Railways, making it a key player among railway stocks in India.
Rail Vikas Nigam Ltd (RVNL)
RVNL, a government-owned company, focuses on executing railway infrastructure projects, such as constructing new railway lines, doubling and gauging conversions, and modernizing railway stations. It also undertakes electrification projects, cementing its status as a top railway stock.
RITES Ltd
RITES Ltd is a small-cap company dedicated to financing railway projects and infrastructure development. It leases rolling stock to Indian Railways, playing a crucial role in the sector.
Ircon International Ltd
Ircon, a public sector company, specializes in railway and highway construction projects. Its strategic role in the infrastructure sector often leads to positive market sentiment and demand for its services, contributing to its strong stock performance.
Railtel Corporation of India Ltd
Railtel, listed on the stock exchange, plays a pivotal role in India's digital transformation within the railway sector. It provides high-speed internet and telecom services to the railway industry, making it a high-growth stock.
Titagarh Wagons Ltd
Titagarh Wagons manufactures railway wagons, coaches, and steel castings. Specializing in freight wagons, the company serves both domestic and international markets and is considered one of the top railway stocks in India.
Texmaco Rail & Engineering Ltd
Texmaco Rail & Engineering operates in multiple segments, including rail and metro systems, steel foundry, and heavy engineering. It manufactures various railway products and offers turnkey solutions for metro rail systems, solidifying its presence in the railway sector.
Keep a check on this list of stock, tomorrow morning we’ll be rolling out the accumulation level of these stocks.