Railway stocks surge up to 17% on order boost

RVNL was the top gainer of the day at 17.53%, followed by , , , Rail Engineering, and advancing between 5% and 11%. Analysts expect the government investment into railways to keep the momentum going for these stocks, along with additions in the low-cost superfast Amrit Bharat trains.

"We are witnessing continued government focus on railways as per the National Rail Plan, and expect healthy inflows and visibility over the next 5 years, for high speed corridors, dedicated freight corridors, coaches, wagons and new line connectivity in north east and hilly regions," said Ankita Shah, vice president research - institutional equities at . "All companies related to railways, from component manufacturers, EPC (engineering, procurement and construction) companies and consultants may benefit from this capex and we remain positive on this sector."

RVNL in its exchange filing on Friday mentioned that it "has signed MoU with Delhi Metro Rail (DMRC) for participation in the upcoming projects in India and abroad as Project Service Provider for Metro/ Railways/ High Speed Rail/ Highways/ MegaBridges/ Tunnels/ Institutional Buildings/ Workshops or Depots/ S&T works/ Railway Electrification."

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