April 19, 2024 14:01 (IST)
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Railway budget will have impact on D-street will be positive
The budget announced was at par with the expectation. Market reacted bearish post announcement of the budget as market has already discounted and the rail stocks had already given the rally.
Its impact on the D-street will be positive as PPP, Pension funds & Banks investing for Railway development, New coaches, e-Catering etc will pave path for more job creations and more up to the mark services for the passengers.
Projects worth Rs. 96,182 crore to expand capacity of 9,420 km rail lines- This will impact positively for stocks like BEML, Kalindee, Alstom and Siemens are some of the stocks which are key beneficiaries from any such move by the government. All to all the budget announced is a positive one and common men centric.
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