According to stock market experts, railway stocks are rising on Monday despite a sideways trend on Dalal Street. This is largely due to the Minister for Railways Ashwini Vaishnav’s disclosure of plans for 2500 new general passengers coaches, and 10,000 additional coaches. Vaishnav’s announcement of the production of 50 new Amrit Bharat Trains, a high-speed and luxury train service, has also fueled the rise in railway stocks. Additionally, the Union Budget expectations of a special focus on the railway infrastructure are working as a catalyst for this upward movement.
Discussing the surge in railway stocks, Sandeep Pandey, Founder of Basav Capital, explained, “The rise in railway stocks can be directly attributed to the Minister for Railways’ announcement of 2,500 new general passenger coaches and 1,000 additional coaches. His unveiling of the production of 50 new Amrit Bharat Trains has sparked significant buying on Monday, driving the upward movement in railway stocks
