Top Railway Stocks That Gained More Than 83% YTD, Why Are They Soaring?

Leading railway stocks have been witnessing strong rally this year. The surge in the leading railway stocks can be attributed to big capex push in budget 2023. Earlier this year, finance minister Nirmala Sitharaman declared the biggest every push for Indian Railways with the announcement of a capital outlay of Rs 2.40 lakh crore, a rise of 65.6% when compared with preceding fiscal year. The railway stocks that witnessed a rally of up to 83% YTD are given below as:

1. Titagarh Wagons Ltd: Last trading price of the stock is Rs 416.35 apiece with intraday decline 1.33%. It witnessed a spurt of 64% in last 3-months and 83% gain YTD. In last 6-months, the stock jumped 103%.

2. Rail Vikas Nigam: The PSU stock's last trading price is Rs 123.80 apiece on BSE. It has a market capitalisation of Rs 25,812.55 crore. It witnessed a sharp jump of 86% and it gave 81% return to investors YTD. Rail Vikas Nigam share delivered massive 286% return in last 1-year.

3. Ircon International: Last trading price of the public sector undertaking is Rs 83.77 apiece with intraday jump of 0.49% on BSE. Ircon International share soared 55% in last 3-months and offered return of 41% YTD.

4. Indian Railway Finance Corporation Ltd: The last trading price of the Indian public sector undertaking is Rs 33.05 apiece. Indian Railway Finance Corporation shares gained 18% in just last 3-months and 0.46% YTD. In last 1-year, it soared 56%.

5. Indian Railway Catering and Tourism Corporation Ltd: The PSU stock's last trading price on BSE is Rs 645.75 per share. It soared 0.87% intraday. It soared 6% in last 3-months and a little less than 1% in last 1-year.

6. BEML: The railway stock's last trading price is Rs 1515.10 apiece on BSE with intraday gain of 1.20%. BEML share soared 30% in last 3-months and gave negative return of 0.51% YTD. In last 1-year, BEML stock jumped 42%.

7. Container Corporation of India: Last trading price of Container Corporation of India stock is Rs 663.85 apiece with intraday rally of 1.51%. The PSU stock gave 13% return to investors in last 3-months and declined 10% YTD.

8. RailTel Corporation of India: The public sector undertaking jumped 20% in last 3-months and delivered 3% return YTD. Last trading price of RailTel share is Rs 131.10 apiece with intraday gain of 0.85%.

Disclaimer: The stocks witnessed strong rally YTD. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.