Budget 2024: Railway Stocks Gear Up for Significant Allocations
Monday, 22 July 2024, 01:38
Railway Stocks Under the Microscope
As the approach of Budget 2024 nears, various railway shares are positioned for potential growth. A significant 12-15% increase in railway allocation is predicted, sparking interest among investors. Key players such as RVNL (Rail Vikas Nigam Limited), IRFC (Indian Railway Finance Corporation), and Ircon International are in the spotlight.
Key Predictions
- Focus on Vande Bharat train augmentation
- Large investments in rolling stock and track construction
- Increased emphasis on railway safety measures
This comprehensive financial backing is expected to bolster railway shares, promising a significant impact on the market as the budget unfolds.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.