Railway stocks dip post-Budget announcement as railway expenditure less.
Fri, Feb 2, 2024 2:30 PM

Railway stocks dip post-Budget announcement as railway expenditure less.

A Flip by Avya Verma
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Following Finance Minister Nirmala Sitharaman's interim Budget speech, railway-linked stocks like IRFC, RVNL, and Railtel saw a 3-5% drop in their stock prices. Despite expectations, the allocated capital expenditure for Indian Railways is marginally higher than last year's budget. Analysts were hopeful for an increase in Dedicated Freight Corridor, rolling stock, and High-Speed Rail Networks.

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