IRFC

A strong positive trigger for railway stocks would be a fresh acceleration in railway capex and actual order execution—especially new tenders/orders for Vande Bharat trains, locomotives, wagons, signalling, track doubling, Dedicated Freight Corridors, high-speed rail and station modernisation. The government has already budgeted about ₹2.93 lakh crore railway capex for FY27, while today’s Cabinet approval of around ₹9,450 crore of railway multitracking projects is a near-term positive signal for the sector. The biggest rerating trigger, however, would be large order inflows translating into faster revenue/profit growth and better margins for companies such as RVNL, IRCON, Titagarh, Jupiter Wagons and railway-electrical suppliers.