Railway stocks have been one of the outperformers in the Indian stock market over the last year, though some of them have been facing correction recently. 

Foreign Institutional Investors have always been a force of reckoning in the Indian market with having the confidence of foreign investors seen as a major boost in confidence for investors. Here we rank the top 10 railway stocks based on how much FII holding they have. 

1. Titagarh Rail Systems

Titagarh Rail Systems tops the chart with the highest number of FII holdings. FIIs held 19.6% stake in the stock as of the June 2024 quarter. The FII holding in the stock has increased from 7.1% in the previous year. The stock in the meantime has gained over 47% in the last year.

2. Texmaco Rail and Engineering

Texmaco Rail and Engineering had FIIs hold 9.1% of its shares. It is a huge jump from 2.2% in the previous year. The stock has gained 61% over the past year. 

3. IRCTC 

Indian Railway Catering and Tourism Corporation has the third largest FII holdings among the railway stocks. As of June quarter, the company had 7.8% of shares in IRCTC, increasing slightly from 7% in the June quarter in previous year. IRCTC gained over 25% in the last year.

4. Jupiter Wagons

Jupiter Wagons is the fourth in the list. FIIs held 5.3% stake in the company as of July 12, 2024. This was a massive increase from 0.3% in June 2023 quarter. Jupiter Wagons had gained over 56% in the last year. 

5. IRCON

IRCON was the fifth highest in the list. FIIs held 4.2% of the company in the June quarter. This was a fall from 5.2% held in the previous year. IRCON like the other railway stocks had a great run over the last year gainingi by 54.18%.

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6. RVNL 

RVNL is sixth on the list with a FII holding of 3.1% in the June quarter. This was an increase from 1.8% holding in the previous year. RVNL has been one of the top-performing railway stocks over the last year as the stock returned over 191% over the last year.

7. RITES

RITES is the seventh on the list. FIIs had a 2.7% holding in the as of September 21, 2024. This was a decline from 4% shareholding in the previous year. Over the past year, RITES had gained over 33%.

8. Railtel

Railtel had a 2.2% FII holding as of the June 2024 quarter. This was an increase from 1.3% in the previous year. Railtel had gained over 102% in the last year.

9. IRFC

IRFC had one of the lowest FII holdings among the railway stocks. The company had a 1.1% FII holding in the June quarter, remaining at the same level from the previous year. IRFC shares have gained over 100% in the last year.

10. Oriental Rail Infrastructure

Oriental Rail Infrastructure had the lowest FII holdings among the railway stocks. FIIs held a paltry 0.3% stake in the company as of the June 2024 quarter. This was an increase from the previous year as FIIs didn't hold any stake in the company then. Despite this, Oriental Rail has been the highest-performing railway stock as it grew over 190% over the last year. 

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