Indian railway stocks experienced notable gains amid positive market developments, with several key companies seeing significant price increases. Shares of Rail Vikas Nigam Ltd (RVNL), Indian Railway Finance Corporation (IRFC), and BEML rose by up to 11%, while others like IRCON International and RITES surged by as much as 30% over the week. IRFC's stock jumped 6.3%, driven by high trading volumes and investor optimism. RITES, a Navratna railway stock, saw an 11% rise, supported by expectations of strong export orders. Technical charts indicate that stocks such as IRCTC, RailTel, IRCON, RVNL, and RITES are testing their 200-day moving averages, suggesting the potential for further rallies if breakouts occur.
RITES Share Price: Navratna railway stock zooms 11%; brokerage sees strong export orders - Check target https://t.co/OR8J5TQpUd
#MarketsWithBS | Charts show that #IRCTC, #RailTel, #Ircon, #RVNL and #RITES are testing 200-DMAs; a breakout can trigger fresh rally at these counters. Check key levels here @rex_cano #Stocks #markets #stockmarketindia #sharemarket #indianstockmarket https://t.co/qorLQ7cIGo
#MarketsWithBS | Are railway stocks ready for a BIG rally? RVNL, IRCTC in focus; here's why Read on https://t.co/qorLQ7cIGo @rex_cano #markets #ShareMarket #StockMarket #railwaystocks