RVNL, Ircon, other rail shares rally up to 9% amid reports of capex boost in Budget

January 16, 2025

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.

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Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad’s

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Cochin Shipyard, Astrazeneca among top 10 small-cap gainers this week, rallying up to 28%

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