Top 4 railway stocks under ₹200 to add to your watchlist

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Indian Railways are executing projects better than ever. India has the fourth-largest railway system in the world due to its extensive network of rail tracks that almost encircle the whole country. More than 1.4 million (m) people are employed along its 67,850 km of travel.

As a result, the railway industry is India's largest employer. As we have watched railway stocks surge 100% or more, most investors have been wondering what would happen next. To put things into context, railway stocks have seen a historic rise in their stock prices in the past two years.

Some had gone from less than ₹20 to as high as ₹100 during the bull market. Due to its scale and extensive network of connections to many industries, the railway industry is expected to see a massive growth in demand for its services. Not only does this demand bode well for just railway stocks, but also to the businesses that produce railway components.

In this article, we’ll take a look at the top railway stocks below ₹200 that still have enough headroom to grow. First on this list is IRFC. The company is the financing arm of the Indian Railways.

It’s a government of India enterprise, under the ministry of railways (MoR). IRFC's principal business is to borrow funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways. The Indian Railways' is reportedly planning to roll out a substantial ₹250 billion (bn) tender.

Its objective is to secure a fleet of 60,000 wagons during the upcoming July to September 2023 quarter. This is a major procurement order, expected to boost the revenue and profit of IRFC, which finances the purchase of railway assets. The railway ministry is also aiming to manufacture