Railway stocks surge up to 10%, IRFC hits best day since Dec 2025

Railway PSU stocks surged on Wednesday, 11 November, with RVNL, RailTel and IRFC gaining up to 10% intraday. IRFC touched ₹89.75, its best single-day gain since December 2025, while RVNL and RailTel rose over 6% each to ₹215 and ₹264 on the NSE. IRCON International gained 5.10%, IRCTC 4.5%, RITES 4%, and Titagarh Rail Systems 3.5%.

The rally rode a broader market recovery, with the Nifty 50 up 1.25% to 25,358 and the Sensex up 1.47% to 82,301.10. Analysts attributed the gains to bottom fishing after two years of underperformance and expectations of higher railway allocations in the upcoming Union Budget. According to NSE data, RVNL and IRCTC have fallen 32% each in 12 months, while IRFC, IRCON and RailTel shed between 25% and 30%.

Livemint reported that Japan placed its first order for indigenously manufactured electronic train propulsion systems, a milestone for India's railway exports. IRFC also reiterated its AUM target of ₹5 lakh crore by end of FY27 and expects non-railway disbursements this financial year to exceed ₹35,000 crore.

Update, 11 November 2026: Livemint adds that Japan placed its first order for Indian-made electronic train propulsion systems, boosting sector sentiment, and that the Nifty 50 and Sensex hit their highest since February. IRFC reiterated its ₹5 lakh crore AUM target and expects non-railway disbursements to exceed ₹35,000 crore this fiscal.