Jupiter Wagons Shares Rally 10%, RailTel, IRCON, RITES Gain: Why Railway Stocks Are Rising Today?

Railway stocks were firmly in focus on Wednesday, January 14, as several railway PSU and railway-linked stocks are experiencing a sharp buying interest. Shares of Jupiter Wagons, RailTel Corporation, IRCON International, and RITES surged during intraday trade, lifting the railway stocks.

RailTel Share Price Today

RailTel Corporation shares saw early pressure after news emerged that the Bihar Education Project Council cancelled orders worth Rs. 609.56 crore. The stock fell up to 2.5% in early trade.

However, RailTel share price recovered sharply, and at 1:30 pm, the PSU stock was trading 2.7% higher at Rs. 349.30 per share. Despite today's rebound, RailTel shares are down about 4.5% over the last five trading sessions.

Jupiter Wagons Share Price Today

Jupiter Wagons shares were the top performer in the sector. At around 1:30 pm, Jupiter Wagons share price was trading at Rs. 325.15, up 10.52% for the day.

Brokerage firm Systematix maintained a BUY rating on the stock with a revised target price of Rs. 360. In its report, Systematix said "Jupiter Wagons Ltd (JWL) continues to focus on its core freight wagon business, which has historically delivered steady margin expansion at EBITDA and PAT levels. The brokerage expects revenue to double and EBITDA to turn positive in FY27E.

IRCON Share Price Today

IRCON International shares were also in focus on Wednesday. IRCON share price was trading at Rs. 165.14 per share, up 1.78% on the BSE.
The stock gained after the company announced the appointment of statutory foreign branch auditors for FY 2025-26, after the approval from the Comptroller and Auditor General of India (CAG). The update supported the stock.

RITES Share Price Today

RITES shares posted healthy gains, rising 2.91% to trade at Rs. 233.25 per share.

Brokerage firm IDBI Capital, in its latest coverage, said RITES reported a largely flat operating performance in Q1 FY26, with marginal year-on-year growth.

RITES is currently focussing on executing a large and young order book of Rs. 87 billion as of Q1 FY26. IDBI has set a target price of Rs. 281.
"With a strong order book, cash-rich balance sheet, steady dividends, and a delayed but visible revenue ramp, RITES remains a HOLD rating with a TP of 281." the report mentioned.

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