Railway Stocks Move Up Today Up to 4%; RVNL, RailTel and IRCON See Strong Gains; What’s Next? Should You Buy?

Shares of major railway-linked companies including Rail Vikas Nigam Ltd (RVNL), RailTel Corporation of India Ltd, and Ircon International Ltd traded higher in early morning session on 9 June, supported by fresh order wins and ongoing railway infrastructure projects.

Railway Stocks Jump Up to 4%; RVNL, RailTel and IRCON Stocks are Rising; Know Why?

At around 10:03 am, RVNL was trading at Rs 234.66 on the NSE, up 2.82% or Rs 6.43. The stock opened at Rs 232.00, touched an intraday high of Rs 236.40 and a low of Rs 231.25.

RVNL Share Price Today After Receiving Rs 221.33 crore Railway Contract For SECR Bilaspur Division

The stock gained after the company announced a fresh order worth Rs 221.33 crore from South East Central Railway. The project involves signalling and telecom upgrades along with electrification works across stations in the Bilaspur Division, with a completion timeline of 730 days.

Should You Buy RVNL Stock?

Overall, RVNL remains a closely watched railway stock, with brokerages like Bajaj Broking maintaining a 'positive' constructive outlook on its medium to long-term growth prospects.

RailTel Share Price Today After Bagging Rs 82 Crore Contract for SITC Works in Haryana Rail Corridor

RailTel Corporation of India also traded in the green during morning trade. At around 10:03 am, the stock was at Rs 309.55, up 1.96% or Rs 5.95. It opened at Rs 305.00 and hit an intraday high of Rs 312.65.

The company has received a Letter of Acceptance (LoA) worth Rs 82.04 crore from Haryana Rail Infrastructure Development Corporation (HRIDC) for signalling and telecom works. The project includes design, supply, installation, testing and commissioning (SITC) for the Dhulawat-Manesar New Patli section, covering stations such as Chandla, Dungerwas and Pachgaon Halt, with completion scheduled by 27 November 2027.

IRCON Share Price Today

Ircon International Ltd also saw mild gains in early trade. At around 10:02 am, the stock was trading at Rs 135.78, up 1.67% or Rs 2.23. The stock opened at Rs 134.18 and touched a high of Rs 136.71 during the session.

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