railway sector

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.

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.