The sell-off in the railway stocks was triggered after FM Sitharaman earmarked a capex of ₹2.55 lakh crore for the Indian Railways, which is lower than industry expectations of ₹3 lakh crore.
Boosted by record rise in capex for Railways, shares of IRCTC, Siemens, RVNL, KEC International, Titagarh Wagons rose up to 4% on the BSE.
The capex push has focused on road and rail sectors. Budget needs to look at other infrastructure segments for holistic growth.
The rail stocks likely to be in focus today include IRCTC, Titagarh Wagons, Texmaco Rail and Engineering, BEML, and Siemens.
