IRCTC, Jupiter Wagons, other rail stocks surge up to 15%. Can Union Budget 2026 deliver a boost?

Railway stocks rallied on December 22 led by IRCTC, Jupiter Wagons, RailTel and RVNL on stock-specific triggers, including fare rationalisation and promoter buying. The bounce follows a weak 2025 for the sector, with hopes now pinned on higher railway capex in Budget 2026–27.