New Delhi, Dec. 22 -- Railway stocks came under renewed buying interest during Monday's trading session, December 22, with RailTel Corporation of India, Rail Vikas Nigam, Ircon International, IRFC and Indian Railway Catering & Tourism Corporation surging anywhere between 1% and 5%.

The rally followed the Indian Railways' announcement of a rationalization of passenger fares on Sunday, with a revised fare structure set to take effect from December 26, aimed at balancing rising operational costs while minimizing the impact on passengers.

The revision, effective from Friday, will see fares beyond 215 kilometers in ordinary class increase by one paise per kilometer. In the Mail and Express non-AC categories, the fare hike has been fixed at 2...