RVNL‘s share price crossed the ₹400 mark for the first time on Monday. The railway stock surged up 11% to hit a new all-time high of ₹425.

What Happened: The surge today comes as the exit polls on Saturday predicted a massive victory for the incumbent government. This is seen as a positive for railway stocks as experts opine that the win promises political stability and policy continuity.

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Over the past year, several railway stocks have seen a string bull run thanks to favourable government policies and increased capex. RVNL’s share price has gone up over 240% in the past year.

Today, several of its peers like IRCON, Rites and Titagarh are surging at the bourses. Titagarh shares also hit a fresh all-time high today. The IRFC share price also scaled the ₹200-mark for the first time.

The company has seen consistent order inflow for the past year. In just the last 10 days, the company has bagged orders worth over ₹250 crore. The order book stands at over ₹85,000 crore.

Price Action: RVNL's share price was up 5.91% to trade at ₹404.25 on Monday afternoon.

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