Railway stocks are again in focus after the cabinet has approved major 3 metro projects across the country. Check which share you can look for in upcoming days.
The cabinet has approved many projects related to infrastructure which includes 3 metro projects and 2 new airports. Some of the metro projects can be started by 2029.
2 corridors of Bengaluru Metro Rail Project Phase-3 have been approved which cost around Rs 15611 crore. There will be a total of 21 stations in it.
The second corridor with 9 stations will cover Hoshali to Kadabakadbagere. Apart from this, the Integral Ring Metro Rail Project was approved in Thane, Maharashtra which will cost around Rs 12,200 crore. The third is the southward extension of the Pune Metro Phase-1 project. This will cost Rs 2,954.53 crore. It is to be commissioned by 2029.
Many railway companies will benefit from this decision by the cabinet. Let us check which all Railway stocks will be in focus after cabinet approved 3 major metro projects.
Railway Stocks In Focus After 3 Metro Projects Approval
RVNL, Siemens, Titagarh Rail Systems, BEML and Ceigall India can benefit from metro rail projects. GMR Airports, Dilip Buildcon can benefit from the airports project.
BEML Stock: Share price gained 7% on 19th August after the Union Cabinet approved metro projects worth over ₹30,000 crore on Friday.
BEML is closely associated with metro projects as coaches of the recently inaugurated Mumbai Metro project have also been supplied by the company.
Rail Vikas Nigam Stock: Company with experience of Metro-related work gained nearly 3% on 19th August.
IRFC and RailTel Stock: Shares of other railway-linked companies were also trading with modest gains.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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