RVNL shares slide despite securing new order; fall over 7% post Budget
RVNL, which comes under the Ministry of Railways, has bagged an order worth ₹191.53 crore from South Eastern Railway.
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February 2022
RVNL, IRFC, IRCTC, RITES, Railtel: Railway stocks rise up to 3% ahead of Budget
Railway stocks were mostly trading higher ahead of Budget, barring Texmaco Rail, while Railtel topped the chart with a 3% gain.
Railway Budget 2024: 3 major corridors announced; capital outlay increased to ₹2.55 lakh cr
FM Nirmala Sitharaman also announces the conversion of 40,000 normal rail bogies to "Vande Bharat" standards
Budget 2024: What’s in store for railway sector?
Given the government’s strong impetus on railway infrastructure development and modernisation of Indian Railways, the budgetary allocation for the sector is expected to cross ₹3 lakh crore.
This railway stock surges 77% in Jan; hits new high amid Budget optimism
The largecap stock, which made its share market debut on April 11, 2019, has risen more than 1,500% in the last five years.
Historic allocation to Rly will boost productivity of Indian economy: Ashwini Vaishnaw
Unlike previous years, the railway ministry got a higher jump in annual outlay for infrastructure upgrade.
Budget 2023: Rly, Highway lead capex charge, bag ₹4,98,605 cr outlay
The capital allocation to the highway ministry for 2023-24 stands at ₹2,58,605 crore.
Budget 2023: Railways expenses rising faster than revenue
Central government is expecting revenue from Railways to increase by ₹32,700 crore in FY23 over revised estimates of FY22.
Budget 2022: Record 28% hike in Railways GBS at ₹1,37,000 crore for FY23
Budget documents also reveal that the gross budgetary support for the current financial year has been revised upwards.
Budget 2022: Five railways-related stocks to focus ahead of Budget 2022
The rail stocks likely to be in focus today include IRCTC, Titagarh Wagons, Texmaco Rail and Engineering, BEML, and Siemens.
