Rail stocks soared post, interim Budget in February. RVNL doubled investments, raising the market cap by Rs 1.6 lakh crore.
Bought RVNL pre-Budget? Your investment would have doubled! Jupiter Wagons +64%, Oriental Rail +53%, Titagarh Rail Systems +56%.
Over 3 years, Titagarh Rail Systems returned 2,210%. Investors eye these multi-baggers before the final Budget FY25.
Nirmala Sitharaman raised rail allocation by 5% YoY to Rs 2.6 lakh crore. Analysts foresee gains from capex plans, high-speed rail, and safety upgrades.
Huge rail capex plans benefit Ircon, RVNL, Siemens, and others. Analysts expect significant growth potential due to large order books.