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RVNL, IRFC, Ircon, IRCTC, Jupiter Wagons, RITES: Railway stocks in focus as share market eyes big sops in Budget 2024The Union Budget 2024, scheduled for July 23rd, is expected to see a significant increase in budgetary allocation for railways. Several analysts anticipate a 12-15% increase in funding, reaching Rs 2.75 lakh crore. This increased allocation is anticipated to fuel the expansion of the Vande Bharat train network, with a 50-60...
more... times increase in the number of these trains. Additionally, investments in rolling stock, track construction, and railway safety are projected to rise considerably. A new hybrid annuity model for railway capex and a PLI scheme for domestic production of railway parts are also on the horizon. InCred Equities expects a focus on railway infrastructure projects like metro rail and Namo Bharat, with possible expansion to more cities. Mehta Securities anticipates continued strength in railway stocks due to robust order books and improving earnings quality, despite a potential slight decline in overall road and railway allocations compared to FY25. Reliance Securities expects higher allocations towards railways to drive an increase in infrastructure orders but cautions investors about recent rallies in the railway and defense sectors.
Union Budget 2024, July 23rd ko aane wala hai, aur railway ke liye bada budget allocation hone wala hai. Analysts keh rahe hain ki 12-15% tak badhot aa sakti hai, Rs 2.75 lakh crore tak. Isse Vande Bharat train network ka expansion hoga, aur 50-60 times zyada trains banengi. Rolling stock,...
more... track construction aur railway safety mein bhi investment badhega. New hybrid annuity model for railway capex aur PLI scheme for domestic production of railway parts bhi aane wala hai. InCred Equities ko umeed hai ki railway infrastructure projects jaise metro rail aur Namo Bharat par focus hoga, aur yeh scheme aur bhi cities mein aayegi. Mehta Securities ka kehna hai ki railway stocks mein strength aati rahegi kyonki order books strong hain aur earnings quality improving hai, though roads and railways ka allocation FY25 se kam ho sakta hai. Reliance Securities ko umeed hai ki railways ko zyada allocation milega, jisse infrastructure orders badhenge, but unhone investors ko recent rally in railway and defence sector ke baare mein caution diya hai.
