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Union Budget 2024: Railway stocks gain up to 5% on hopes of 15-20% higher capex allocation
Railway stocks rallied today ahead of Interim Budget 2024 on expectations of higher capex allocation. Jupiter Wagons, Indian Railway Finance Corporation (IRFC), and Rail Vikas Nigam Limited (RVNL) lead the gains. Axis Securities predicts a 10-15% increase in government capex in FY25.