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Railway PSU Rally Accelerates as Budget Optimism Fuels Buying
Railway PSU stocks surged sharply on Budget-linked optimism, strong capex expectations, and improved earnings visibility, driving broad-based buying across RVNL, IRFC, IRCON, RailTel, and IRCTC.
Railway sector stocks have extended a sharp rally over the past five sessions, driven by improving market sentiment and expectations of higher infrastructure spending ahead of the Union Budget. Shares of jumped over 26% in five sessions, while gained more than 20%. also rose nearly 19%, supported by strong order visibility.