Railway stocks surge up to 16% ahead of Union Budget 2024 focusing on infrastructure investment.
Railway stocks, including RVNL, IRFC, IRCTC, and others, surged up to 16% in anticipation of the Union Budget 2024, which is expected to focus on infrastructure investment. The shares of these railway-related companies, such as Texmaco Rail & Engineering, RailTel, and Ircon International, reached new highs in Monday's trade. The rally in railway stocks is attributed to recent announcements by the Minister for Railways, Ashwini Vaishnaw, and expectations of higher budget allocations for the sector.
July 08, 2024
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