Union Budget 2024: Railway stocks gain up to 5% on hopes of 15-20% higher capex allocation

The gains were led by Jupiter Wagons which jumped 5% to the day's high of Rs 404.40 on the NSE. It was followed by Indian Railway Finance Corporation (IRFC) and Rail Vikas Nigam Limited (RVNL) which were up 4% and 3.2%, respectively around 1:20 pm. Others, including Container Corporation of India (CONCOR), RITES, Indian Railway Catering and Tourism Corporation (IRCTC), Texmaco Rail & Engineering, Titagarh Rail Systems jumped up to 3%.

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