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IRFC, RVNL, Jupiter Wagons, Ircon, RailTel Share Price In Focus: Railway Stocks Advance On Hopes Of Capex Rise

Ircon International, and Texmaco Infrastructure & Holdings stocks surged 15.16% and 11.18% on Thursday.

<div class="paragraphs"><p>Indian Railway Finance Corp. and Rail Vikas Nigam Ltd. saw the most correction during January from their lifetime highs. (Photo source: Envato)&nbsp;</p></div>
Indian Railway Finance Corp. and Rail Vikas Nigam Ltd. saw the most correction during January from their lifetime highs. (Photo source: Envato) 

Railway infrastructure builders' stocks advanced on Thursday on reports that the government may increase capital expenditure in railway space in the upcoming budget announcement for financial year 2025–26. The market-cap of railway stocks rose Rs 32,318.86 crore to Rs 6.6 lakh crore as of 3:02 p.m.

The anticipation caused a recovery in railway infrastructure space. Railway stocks had been declining in early January as overall markets are being corrected after hitting fresh highs in 2024. Their high valuation was also one of the reason behind their correction.

Indian Railway Finance Corp. and Rail Vikas Nigam Ltd. saw the most correction during January from their lifetime highs. Indian Railway Catering and Tourism Corp. followed suit from declining sharply from its recent high.

Jupiter Wagons Ltd. was leading the rally. It surged 18.76% to the day's high of Rs 514.40 apiece. It was trading 15.56% higher at Rs 500.55 apiece as of 3:03 p.m.

Ircon International Ltd., and Texmaco Infrastructure & Holdings Ltd. were the second and third top gainer. Both the stocks surged 15.16% and 11.18% on Thursday.

Indian Railway Catering & Tourism Corp. rose the least among other railway stocks. It rose only 1.80% to Rs 773.80 apiece as of 3:06 p.m.

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