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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BofA Securities initiates coverage on Groww with ‘buy’ rating; shares rally 4% to record high. Here’s what the brokerage said

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