On March 12, according to Qrius, an authoritative agency in India, as the fourth largest railway network in the world, the Indian railway system continued to show its strong development vitality in 2024.This is also reflected in the Indian stock market, railway stocks with stability and potential growth have always attracted much attention.Taking the surge in IRCTC of the Indian railway catering company as an example, the stock has achieved an impressive 893%growth in just two years, causing the curiosity behind the rising railway stocks.Below, let’s focus on the eight top railway stocks listed on the Indian stock exchange in 2024.

2024 Eight top railway stocks in India (data deadline to 2024.2.27) 1. Indian railway catering tourism company IRCTC

The Indian Railway Catering Tourism Corporation is an Indian public sector enterprise that provides tickets, catering and tourism services for Indian state -owned railways.It was established in 1999 and operated under the administrative management of the Ministry of Railways.In 2019, it was listed on the State Stock Exchange and the Mumbai Stock Exchange, and the government held 67%.As of December 2023, IRCTC registered users reached 66 million, with an average daily reservation of 731,000 tickets.

→ IRCTC: Focus on upgrading, professionalization, and management of passenger transport railway services, with a strong market value.2. Indian railway and subway vehicle manufacturer BEML

BEML is an Indian public sector enterprise, producing various heavy equipment, such as equipment used in earth transportation, railways, transportation and mining.Its headquarters is located in Bangalore.BEML was established with the help of the Soviet Union on May 11, 1964.

The company is wholly -owned by the government and operated by the Indian Ministry of Defense. Until 1992, the government divested its 25%shares in the company.The company conducted follow -up public offering (FPO) and fixed the price range of FPOs between 1020 rupees and 1090 rupees.The Indian government approved the strategic withdrawal of BEML in principle, withdrawing 26%of its government’s 54.03%of its shares, and transferring management control to strategic buyers.

→ BEML: Controlling 70%of India’s heavy equipment market, is the second largest earthwork manufacturer in Asia.3. TWL

Titagarh Rail Systems Limited (formerly known as Titagarh Wagons Limited) is a well -known private locomotive manufacturer in India.Established in 1984, the company was a locomotive and vehicle casting factory, which is headquartered in Banggar, Bangali, Bangladesh.Titagarh was listed on the Mumbai Stock Exchange (BSE) and the State Stock Exchange (NSE).

In 1997, the founder decided to risk manufacturing the entire truck used for freight. Before that, it used to create railway components.The company’s core business includes providing a comprehensive railway traffic solution for the Indian railway and export market, including trucks, semi -high -speed trains, subways, transportation and promotion systems and passenger cars.

In addition to the design, manufacturing and supply of 102 subway trains for Metro, and the largest 24177 truck procurement order ever, the company also received the Indian railway company’s Vande Bharat train manufacturing and maintenance orders.

→ TWL: India’s second largest freight train manufacturer, from manufacturing trucks, passenger cars, subway trains to train electrical equipment.4. Indian container company Concor

Indian Railway Corporation’s container cargo transportation strategy measures for the first time India entered the multi -type transportation cargo landscape in 1966.In view of the vast India, railway transportation is usually the economic choice of mid -to -long -term freight, especially the cost of multi -type transportation can be reduced.

Until February 1988, the Indian container CONCOR was established. It is an Indian public sector enterprise, engaged in container transportation and loading and unloading business, and took over the existing seven existing inland container stacking networks (ICD) networks.

Concor is currently considering privatized Indian public sector enterprises.The privatization process involved 30.8%of the 54.8%of its shares sold by the Indian government. It was originally expected to be completed in fiscal 2021-2022, but it was later postponed to the next fiscal year.In April 2022, the Indian government reduced the land license fee of the Indian railway company from 6%to 3%from the land market, which was to help the company’s privatization.

→ Concor: The catalyst of container freight has made important contributions to India’s international trade.5. Indian Railway Finance Company IRFC

Indian Railway Financial Company IRFC is an Indian public sector enterprise and a non -deposit financial institution. Its main function is to raise the funds required for the development of the Indian railway from the domestic and foreign stock markets.The Indian government owns most of the company’s equity, while the Ministry of Railways has administrative control.Established in 1986, it was announced on January 18, 2021 to announce its first public offering, and was listed on the Indian Stock Exchange/Mumbai Stock Exchange on January 29, 2021.

→ IRFC: It is committed to raising funds for railways and providing financing support for various railway projects.6. India Ballate Electronics Co., Ltd. Bel

Bel is an Indian -owned aerospace and defense electronics companyMumbai Stock Exchange. It mainly produces advanced electronic products for ground and aerospace applications. It also creates electronic equipment required for the Indian railway and other departments.Bel is one of the 16 public sector companies under the Ministry of Defense of India.It has been awarded Navratna’s status by the Indian government.

Bel was established under the Ministry of Defense in 1954 by the Indian government to meet the special challenging needs of the military department.Its first factory is established in Bangalll, which aims to develop and manufacture electronic equipment and systems in the country, but now it has become a large public sector enterprise with nine production units, multiple regional offices and R & D laboratories.

As of December 2023, Bel was mainly by the Central Government (51.14%), Joint Fund and India United Trust (18.33%), foreign investment portfolio investors (17.78%), individual investors (6.76%) and insurance companies (3.63%of 3.63%)) all.

→ Bel: The important participants of the Indian defense department are known for their R & D capabilities and debt -free status.7. Vacasiegam Railway Co., Ltd. RVNL

RVNL is an Indian public sector enterprise, a construction department of the Ministry of Railways, is responsible for project implementation and traffic infrastructure development.It was established in 2003 to meet the country’s surge in infrastructure needs, quickly implement projects, and create a railway equipment construction company.It has been awarded Navratna’s status by the Indian government.

RVNL started the first public -funded IPO on March 29, 2019.This is the third railway -related public sector enterprise after Rites and Ircon.The company sells 12%of the shares at a price of 17 to 19 rupees per share.As of the closing of April 3, the IPO received 1.78 times the subscription, with revenue of 4.81 billion rupees ($ 60 million).RVNL was listed on the Mumbai Stock Exchange and the State Stock Exchange on April 19, 2019.

→ RVNL: The key to implementing various railway infrastructure projects, including new railway lines, electrification, important bridges and workshops.8. Indian Railway Construction International Co., Ltd. Ircon International

Ircon International, or Indian Railway Construction International Co., Ltd. (IRCON), is an Indian engineering and construction company that specializes in transportation infrastructure construction.The public sector was established in 1976 by the Indian Railway Corporation in 1956.Ircon is registered as Indian Railway Construction International Co., Ltd., which is a wholly -owned entity of the Indian railway company.Its main responsibility is to build railway projects in India and abroad.Since then, Ircon diversified into other transportation and infrastructure areas, and has continuously expanded its global business scope.

Ircon is known for taking on challenging infrastructure projects, especially in difficult terrain in India and abroad.Ircon has completed more than 1,650 major infrastructure projects in India, and has completed more than 900 major projects in more than 31 countries around the world.It has been awarded Navratna’s status by the Indian government.

→ Ircon International: Diversified engineering construction public sector enterprises, specializing in large infrastructure projects, involved in railway and highway industries.

Investment prospects are highly optimistic

In general, although the number of Indian railway companies is limited, with its monopoly advantages, low operating costs, and high investment thresholds, it has uniquely attracted the attention of many investors.For investors who intend to invest in these railway companies, close attention to the company’s financial health and development strategy will be the key to shot.

Guoabong Wealth Management