Stocks such as Jupiter Wagons, Titagarh Rail Systems, Siemens, RVNL would benefit from the manufacturing of Vande Bharat trains, SAMCO Securities said.
Railways can see a decent increase in capex, considering greater emphasis on railway modernisation and more Vande Bharat trains, said Prabhudas Lilladher.
Rail Vikas Nigam Ltd soared 332 per cent, Ircon International Ltd surged 260.75 per cent while Indian Railway Finance Corporation Ltd (IRFC) jumped 245 per cent since last Diwali.
Multibagger Stocks: Railway stocks have been in an uptrend in 2023. Shares of railways-linked companies such as IRFC, RVNL, RailTel, Jupiter Wagons, and others have delivered multibagger returns to investors. Watch this Visual Story to check multibagger railway stocks that have zoomed up to 260% so far in 2023.
Multibagger Stocks: Railway stocks have seen a significant upswing over the past week, indicating a renewed sense of optimism in the sector. Some railway stocks including RVNL, IRFC, Ircon International have zoomed over 100% so far in 2023, delivering multibagger returns. Watch this Visual Story to know more.