Shares of Indian Railway-linked companies extended their gains on the first trading day following the fare hike, with RVNL leading the rally, climbing 12.58% to Rs 389.20 on the NSE.
Other major gainers included IRCTC and IRFC, reflecting investor optimism over enhanced revenue prospects from higher passenger fares. Analysts note that the fare revision is expected to improve profitability and cash flows for public-sector railway firms, boosting market sentiment.
