Railway stocks, including Rail Vikas Nigam Ltd, Ircon International Ltd, Indian Railway Finance Corporation Ltd, Titagarh Rail Systems Ltd, and Texmaco Rail & Engineering Ltd, are expected to experience significant gains following the recent Budget 2024 announcements made by Union Finance Minister Nirmala Sitharaman.
During her interim budget presentation on February 1, Sitharaman unveiled plans to convert approximately 40,000 rail bogies to Vande Bharat standards, signaling potential benefits for the mentioned railway companies. A substantial capital expenditure (capex) of Rs 2.55 lakh crore has been allocated for the Indian Railways in the new financial year.
