IRFC, RVNL, IRCTC, CONCOR: Railway Stocks Jump as Train Fare Hike Kicks In Today; Check Target Price

Railway Stocks Surge: Shares of railway stocks such as Indian Railway Finance Corporation (IRFC), Indian Railway Catering and Tourism Corporation (IRCTC), RVNL, CONCOR, and others surged during Friday's trading session. The rally came as Indian Railways' revised ticket fares came into effect on Friday, December 26.

The revised ticket fares are expected to give a significant boost to the railway's revenue and will have minimal impact on the overall train ticket charges for passengers. The train tickets have been hiked only on selected routes and in the selected category, noted the Ministry of Railways in its statement earlier. The development, however, has brought optimism around railway sector stocks.

Railway Stocks Surge As Revised Ticket Prices Come Into Effect!

RVNL shares were trading nearly 12% higher, whereas IRFC stock was up around 8.4%, and IRCTC share price surged around 3.67%. CONCOR shares were trading around 1.75% higher.

RVNL Share Price Target

RVNL shares opened in green and were trading 12.84% higher at Rs 390.10 per share on BSE. The stock had touched 52-week high of Rs 501 per share on BSE on 2 January, 2025 and had dipped to a 52-week low of Rs 295.25 per share on 7 April, 2025. According to Antique Stock Broking's report dated 26 December, RVNL was given a 'Sell' rating with a target price of Rs 204 per share.

IRCON International Share Price Target

IRCON International shares were trading 8.38% higher at Rs 185.85 per share on BSE with a market capitalisation of Rs 17,385.43 crore at 11:35 am. The stock had touched a 52-week high mark of Rs 229.45 per share on 1 February, 2025, and dipped to a 52-week low mark of Rs 134.3 per share on BSE on 3 March, 2025. Antique gave a 'Hold' rating to IRCON International with a target price of Rs 159 per share.

RITES Share Price Target

RITES shares were trading 3.96% higher at Rs 252.3 per share on BSE with a market capitalisation of Rs 12,125.63 per share on 11:39 am. Antique had given a target price of Rs 280 per share with a 'Hold' rating.

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