Shares of Texmaco Rail & Engineering Ltd., Ircon International Ltd., Titagarh Rail Systems, and other railway stocks declined on Saturday, after the centre made no mention of the sector during the Union budget 2025–26, led by Finance Minister Nirmala Sitharaman.
The sector saw an allocation of Rs 2.55 lakh crore for the upcoming fiscal, marking a meagre 0.02% upside from the allocation for the current financial year, leading to dim investor sentiment and a selloff in railway stocks.
Shares of Texmaco Rail were trading 8.73% lower at Rs 179.42 apiece, compared to a 0.11% decline at the benchmark NSE Nifty 50 at 02:05 p.m.
Ircon International followed suit, falling 7.33% to Rs 205.20 apiece. Shares of IRFC fell 5.53% to Rs 142.59 apiece, while Titagarh Rail scrip was trading 5.70% lower at Rs 960.90 per equity share.
Here's how the other companies in this space are trading, as of 02:05 p.m.:
Jupiter Wagons: Stock is trading 4.70% down, at Rs 381.80.
Container Corp: Stock is trading 3.84% down, at Rs 750.15.
IRCTC: Stock is trading 3.03% down, at Rs 797.35.
BEML: Stock is trading 2.40% down, at Rs 3,752.35.
Union Budget 2025
Finance Minister Nirmala Sitharaman presented her eighth Union Budget on Feb. 1st, with income tax rebates being the most talked-about announcement.
Beyond tax reforms, the budget included schemes to bolster the MSME sector, programs for women's welfare and development, and initiatives for farmers like the PM Dhan Dhanya Krishi Yojana to improve agricultural productivity.
The budget also outlined plans to upgrade education infrastructure, boost exports, and strengthen India's position in global trade.
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