Railway Stocks Rally on Order Wins, Strong Outlook

Railway stocks surged 2–8% on September 15, defying weak market sentiment.

RVNL, Ircon, Titagarh Rail, Jupiter Wagons, Texmaco Rail, and IRFC gained on fresh order wins and robust outlook. Key contracts included RVNL’s traction substation project, Texmaco’s Rs 129 crore overhead equipment order, and Jupiter Wagons’ Rs 113 crore axle supply deal.