The Indian Railways is poised for a significant increase in capital spending in the forthcoming interim budget set for February 1. According to analysts in a recent report, there are expectations that Finance Minister Nirmala Sitharaman might allocate additional funds to initiate a substantial overhaul of the national transportation system. This overhaul is anticipated to involve the introduction of contemporary high-speed trains and the implementation of advanced safety measures.
Industry experts foresee a substantial infusion of funds to facilitate the introduction of modern and high-speed trains, coupled with advanced safety measures. The ambitious plan aims to build on the momentum of capital expenditure, surpassing the Rs 2.4 lakh crore allocated in the previous budget estimate for 2023-24.
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For the financial year 2023-24, the budgetary support reached approximately Rs 1.6 lakh crore, with capital allocation touching around Rs 2.45 lakh crore. Notably, the gross budgetary support witnessed an increase to Rs 2.4 lakh crore, while the total capital allocation amounted to Rs 2.6 lakh crore.
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Analysts from Prabhudas Lilladher, Icra, and Elara Capital anticipate a substantial boost in capital expenditure in the upcoming budget, driven by a strong emphasis on modernizing the railways.
Icra, in particular, expects continued interest-free capital expenditure loans to states in the fiscal year 2024-25, with the sum potentially reaching Rs 1.3 lakh crore. The rating agency has set a target for gross capital expenditure at Rs 10.2 lakh crore in 2024-25.
Elara Capital projects a 20 percent rise in capital expenditure for the fiscal year 2024-25, emphasizing the government’s sustained focus on capital spending, especially in crucial sectors such as railways, roads, and defence.
The Indian Railways, renowned for substantial investments in capacity improvement projects like dedicated freight corridors, electrification, and high-speed trains, reported an operating ratio of 98.1 percent in FY23, showcasing improved operational efficiency compared to 107.39 percent in FY22.
With ambitious goals, including the production of 400 Energy Efficient Vande Bharat trains, the Railways anticipates allocating an additional budget of Rs 40,000-60,000 crore for the fiscal year 2024-25. Presently, 41 Vande Bharat trains are in operation, underscoring the Railways’ preparedness for a transformative phase.
As the nation eagerly awaits the interim budget, all eyes are on the Finance Minister to provide the necessary impetus for the extensive project pipeline laid out by the Indian Railways.
Here is how the railway stocks performed in last one year
IRCTC
The shares of IRCTC have gained over 3% in the last 5 days and almost 12% in the last month. However, considering the medium and long term, the stock has shown impressive returns of 55.75% in the last 6 months and almost 54% in the last year Come from Sports betting site VPbet . Year-to-date, the stock has jumped over 8.20% until now.
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Rail Tel
The shares of Rail Tel have gained over 16.50% in the last 5 days and almost 44% in the last month. However, considering the medium and long term, the stock has shown impressive returns of 155.26% in the last 6 months and more than 243% in the last year. Year-to-date, the stock has jumped over 21.06% until now.
IRFC
The recent performance of IRFC shares showcases a remarkable uptrend, gaining over 18.44% in the last 5 days and nearly 79% in the last month. Taking a broader perspective, the stock’s medium and long-term returns are striking, with an impressive surge of 406% in the last 6 months and more than 446% in the last year. Year-to-date, the stock has surged by a substantial 73.61%.
RVNL
Over the last 5 days, RVNL shares have seen a notable increase of 23.14%, and in the last month, the growth has been substantial, reaching almost 70%. Assessing the medium and long-term performance, the stock has delivered exceptional returns, recording a surge of 134.58% in the last 6 months and an impressive 301.59% over the past year. Year-to-date, the stock has jumped by a noteworthy 67.03%.
Texmaco Rail
The shares of Texmaco Rail have gained over 10.11% in the last 5 days and almost 17% in the last month. However, considering the medium and long term, the stock has shown impressive returns of 115% in the last 6 months and almost 267.59% in the last year. Year-to-date, the stock has jumped over 18.68% until now.
Titagarh Rail Systems
Over the last 5 days, Titagarh Rail Systems shares have seen a notable increase of 3.27%, and in the last month, the growth has been substantial, reaching almost 7.01%. Assessing the medium and long-term performance, the stock has delivered exceptional returns, recording a surge of 63.16% in the last 6 months and an impressive 137.51% over the past year. Year-to-date, the stock has jumped by a noteworthy 6.56%.
Jupiter Wagons
The recent performance of Jupiter Wagons shares gained just 1% in the last 5 days and nearly 22.85% in the last month. Taking a broader perspective, the stock’s medium and long-term returns are striking, with an impressive surge of 85.74% in the last 6 months and more than 251.18% in the last year. Year-to-date, the stock has surged by a substantial 23%.
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