Railway stocks rise 7% ahead of Union Budget 2024

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The anticipation surrounding the Union Budget 2024 has sparked significant interest in railway stocks, leading to a notable 7% rise in their market value. 

The rise in railway stocks ahead of the Union Budget 2024 underscores the sector’s potential as a key beneficiary of government infrastructure spending.  

Rail Vikas Nigam Ltd. 

It was established with the objective of creating and augmenting the rail infrastructure across India. 

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Indian Railway Finance Corp Ltd.

Indian Railway Finance Corp Ltd, popularly known as IRFC, was founded in 1986. It is the robust financial arm of the Indian railways that primarily operates through the finance and leasing segment.

The company specializes in producing a variety of freight wagons, which are crucial for the efficient transportation of goods across the country. 

Jupiter Wagons Ltd. 

BEML Ltd. (formerly Bharat Earth Movers Limited) is a public sector company under the Ministry of Defence.  

BEML Ltd. 

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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