The PSU stock has delivered nearly 300% returns in the last ten months, hitting a new all-time high of ₹114.62 intraday from its 52-week low of ₹29 touched on June 21, 2022.
Freight revenue, too, rises 15% to ₹1.62 lakh crore; passenger revenues hit an all-time high growth of 61% at ₹63,300 crore.
Sector’s capital expenditure is set to rise, but credit profile of domestic stainless steel manufacturers are expected to remain healthy in FY24, says Crisil
Unlike previous years, the railway ministry got a higher jump in annual outlay for infrastructure upgrade.
The railway stock has risen 133% against its 52-week low of ₹29 touched on June 21, 2022.
The steep budget allocation for FY24 capex is intended to keep the GDP growth ticking. But has capex succeeded in creating the multiplier effect in the economy?
The FM has announced an increased capital investment outlay by 33.4% to ₹10 lakh, which could lead to employment generation in the mid to long-term and hence an increase in demand-led consumption
The capital allocation to the highway ministry for 2023-24 stands at ₹2,58,605 crore.
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
Boosted by record rise in capex for Railways, shares of IRCTC, Siemens, RVNL, KEC International, Titagarh Wagons rose up to 4% on the BSE.
