Experts highlight railway stocks as top picks ahead of India's budget announcement
Stock market experts are focusing on railway stocks ahead of India's Union Budget announcement on February 1. They recommend Rail Vikas Nigam Ltd. (RVNL), IRCON International, and Titagarh Rail Systems as potential investments. On January 30, the Indian stock market saw gains, with the Nifty 50 index rising 0.37% and the BSE Sensex increasing by 0.30%. Analysts expect a fiscal deficit target of 4.5% to boost market sentiment and support growth. RVNL shares rose 2.25% to ₹437.05, while IRCON shares increased 4.43% to ₹202.60. Titagarh shares closed at ₹960.40, up 1.37%. Despite recent fluctuations, these stocks have shown significant long-term returns.