New Delhi: With a few days left for Union Finance Minister Nirmala Sitharaman to present Budget 2025 in the Parliament on February 1, all industry sectors and the stock market are hoping for big ticket announcements. Ahead of the Union Budget 2025-26, investors are keeping their fingers crossed in regards to the Railway stocks. It may be noted ever since the Modi government came to power at the Centre in 2024, it has announced mega projects and allocated huge money to develop the Railway infrastructure. Almost all the railway shares have turned out to be multibaggers in recent years.
The recent market correction and continuous selling by the foreign institutional investors, the market has been affected and almost all the railway stocks have derailed significantly in recent times. The companies which have their businesses in the Railway sector witnessed a fall of 30-40 percent in the share price.
The Railway stockholders are expecting major announcements in the budget. If it happens, then there is a big chance that the shares may recover and continue to rise.
RVNL share price target
Giving his expert views on Railway Vikas Nigam Limited (RVNL), Pranit Arora, CEO of Univest, said that we have seen consolidation in Railway stock. The counter has gone up and down in the range of only about 1-2 percent in recent days. He said that the Budget announcements could decide the movement of this stock. “The closer we get to the budget, we may see a move there. The stock is consolidating right now. Therefore, there may be a chance for a surge from here,” he said
RVNL’s fundamentals are quite good. The ROC and the shareholding pattern looks much better. However, revenue growth has not been good in the last few quarters. Investors are awaiting the December quarter results of 2024-25. If the company posts a little better revenue growth and there are some announcements for the railway sector in the upcoming Budget, then a good movement can be expected in the stock, the expert added.
IRFC share price
HoR Anshul Jain of Laxmishree Securities said that there has been a buying climax in the stock, so the stock can come down to Rs 116. He, however, went on to say that the stock can go up to Rs 150-155 in the pre-budget rally, so investors can exit this stock if they wish.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
With Budget 2025 set to be presented on February 1, 2025, investors are keenly watching railway stocks like RVNL and IRFC. Recent market corrections have impacted these shares, but upcoming budget announcements could significantly influence their performance. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
