Railway stocks saw a surge on Wednesday, December 11. Most of these companies are recovering from their recent lows in November. Shares of Indian Railway Finance Corporation (IRFC) are trading with a gain of nearly 5%. The stock is back above the Rs 160 mark and this will be the first time it has closed above this level since September 20.

In fact, IRFC has been introduced as a new company in the F&O segment. It has gained about 10% since it started trading as an F&O stock on November 29. The stock is also up 20% from its November low of Rs 137 on November 18.

Another company that has performed well in recent times, Rail Vikas Nigam, has seen a recovery of 17% from its November low of Rs 409. What about the rest of the stocks? Shares of other railway companies like IRCON International are also trading with a gain of about 5%. Stocks like Titagarh Rail and Jupiter Wagon are outperforming their PSU peers. They have seen a gain of up to 9% in today's trading session. Shares of IRCON International have improved by 27% from the November low of Rs 183 on November 22. Shares of RailTel are also trading with a gain of about 6% after winning several orders in the last few weeks. The state-owned company is also up 27% from its November 21 low of Rs 360. BEML also recently reported securing orders worth over ₹200 crore in the last two days. Railway stocks have been in the news after the Union Cabinet approved three railway projects worth Rs 7,927 crore. These include Jalgaon-Manmad fourth line, Bhusaval-Khandwa third and fourth lines and Prayagraj-Manikpur third line. Despite recovering from recent lows, the stocks are below their all-time highs.