Rail stocks down despite budget vowing to upgrade 40k coaches
Thu, Feb 1, 2024 3:20 PM

Rail stocks down despite budget vowing to upgrade 40k coaches

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Railway stocks showed little change on Feb 1, despite a budget announcement to convert 40k coaches to Vande Bharat standards. Experts say the market had already factored in the positives and Titagarh Rail, Texmaco Rail, and Jupiter Wagons were down by 1-2%. Quant MF CEO believes that although some railway stocks may seem promising, they have already seen significant uptrends in the past 18 months.

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