If you had bought PSU RVNL’s railway stock just before the February 1 interim budget, your investment would have already doubled. Shares of Jupiter Wagons gained 64%, Oriental Rail gained 53%, while Titagarh Rail Systems gained 56%, adding nearly Rs 1.6 lakh crore to the combined market capitalisation of the top 12 railway stocks during the period. If you extend the holding period to 3 years, each of them is a multibagger, with Titagarh Rail Systems offering an attractive return of 2210%.
Is this the reason for the increase?
To speed up the Mumbai-Ahmedabad bullet train project, 20,000 cubic metres of concrete are used every day in Gujarat and Maharashtra. Over the past two and a half years, a job of this scale has been completed with the efforts of around 20,000 workers every day. This project spans 508 kilometres, including 12 stations, 24 river bridges, 8 mountain tunnels and a sea tunnel. It is the Central Government’s effort to prepare the Bullet Train project by 2026. The effect of all these works is visible in the actions of the companies associated with them.
The bullet train will receive a booster dose in the budget
So, in this budget, there may be an effort to give a boost to the Bullet Train, if the Bullet Train starts soon, the gap between Mumbai and Gujarat will be reduced. The time difference between Ahmedabad and Mumbai will be reduced from seven hours to three hours. This will have a very good impact on the economic front. This will be the fourth largest railway in the world in the 21st century. It will be connected to 11 stations, i.e. there will be connectivity to 11 cities.
In the next two months there will be assembly elections in Maharashtra. If we look at the Lok Sabha figures, the possibility of a new government coming to Maharashtra is increasing, some Mahavikas Aghadi leaders are not in favour of this project, in such a situation the Bullet Train project may get stuck. Therefore, the government can try to give more impetus to this project in the budget itself and finish the work on time. If the new government puts hurdles in this project, the project will get stuck. This will cause a huge loss. The financial loss will be huge. Therefore, more attention can be paid in the budget to ensure that this project continues even after the arrival of the new government.
