Budget 2023: Rail stocks jump on at Rs 2.4 lakh-crore capex boost

Hot Stocks
admin
February 1, 2023
0
87
2 minutes read

The biggest beneficiaries of the move will be the firms involved in infra projects of railways

Representative Image

The share price of railway stocks zoomed after the government in Union Budget 2023 was allocated the highest-ever capital outlay at Rs 2.4 lakh crore for the railways.

Finance Minister Nirmala Sitharam said the capex was nine times the outlay in 2013-2014. The capex for railways is about 24 percent of the total capex of Rs 10 lakh crore.

“Nice,” said Deepak Shenoy, Founder of Capital Mind, referring to the capital outlay. “Bigger than I thought.”

The biggest beneficiaries of this move will be those involved in infra projects of railways. The share price of Rail Vikas Nigam was up 3 percent. Titagarh Wagon 1 percent, Indian Railway Finance Corporation 2 percent, and IRCTC 2 percent as well.Follow our live blog for the latest Budget 2023 updates

`);
}
if (res.stay_updated) {
$(“.stay-updated-ajax”).html(res.stay_updated);
}

} catch (error) {
console.log(‘Error in video’, error);
}
}
})
}, 8000);
})