Railway Stocks Tumble: Budget Mein Paisa Badha, Par Investors Ne Kaha 'No Deal!'

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AuthorAarav Shah|Published at:
Railway Stocks Tumble: Budget Mein Paisa Badha, Par Investors Ne Kaha 'No Deal!'
Overview

Arre yaar, aaj railway stocks ne market ko disappoint kar diya! Budget mein railways ke liye paisa toh **10%** badha diya gaya hai, but investors khush nahi hain. Isliye stock prices seedha neeche gir gaye.

Budget Mein Allocation Badhi, Par Stocks Kyun Gire?

So, hua ye ki Union Budget 2026 mein Ministry of Railways ke liye ₹2.93 lakh crore approve kiye gaye hain, jo pichle saal ke ₹2.65 lakh crore se 10% zyada hain. Lekin, irade kuch aur hi the market ke! IRFC, RVNL, RITES aur Titagarh Rail Systems jaise bade railway stocks aaj 5% tak gir gaye.

Investor Kya Chah Rahe The?

Asal game yahan hai bhai. Investors soch rahe the ki Finance Minister Nirmala Sitharaman koi naye Vande Bharat trains ke orders announce karengi ya koi specific growth catalyst batayengi. Lekin aisa kuch hua nahi. Unhone bas 7 high-speed rail corridors ka zikr kiya, jisse koi immediate fayda stock prices par nahi dikha.

Brokerage firms jaise Nirmal Bang pehle se hi anticipate kar rahe the ki capex mein 8-15% ka hike hoga, toh yeh unke liye koi surprise nahi tha. Matlab, yeh number toh already stocks mein 'priced-in' tha.

Numbers Ka Khel

Budget mein new lines ke liye ₹36,722 crore (pehle ₹30,632 crore), gauge conversion ke liye ₹4,600 crore (pehle ₹4,284 crore), aur rolling stock ke liye ₹52,109 crore (pehle ₹50,008 crore) allocate hue. Signaling aur electrification projects ko bhi ₹1,000 crore mile.

Lekin bhai, ye numbers toh bas incremental updates the. Market ko ek bada 'order book boost' chahiye tha jo nahi mila.

Valuation Ka Angle

Aur haan, in stocks ke P/E ratios bhi kaafi high chal rahe hain. IRFC ka P/E ratio 22.4x ke aas-paas hai, RITES ka 26-32x, RVNL ka 63x aur Titagarh Rail Systems ka 40-55x ke beech. Jab valuations already itne stretched hon, toh bas badhti hui allocation se impress hona mushkil ho jata hai.

Overall, government ka focus infrastructure par hai, but short-term mein investors ko koi fresh catalyst nahi mila, isliye thoda sell-off ho gaya.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.