RVNL, Ircon, other rail shares rally up to 9% amid reports of capex boost in Budget
- Posted on January 16, 2025
- By Business News Today
- 4 Views
RVNL, Ircon, other rail shares rally up to 9% amid reports of capex boost in Budget
Rail stocks surged with RVNL and Ircon leading, as reports suggest the upcoming Union Budget may increase Indian Railways' capital expenditure by 15-20% to over Rs 3 lakh crore for FY26. The higher allocation is expected to fund new tracks, upgrades, and rolling stock purchases, driving optimism among investors.
