Defence and Railway Stock on the Rise

Defence and railway stocks surge as BJP's victory promises growth. Stocks like HAL and IRCTC show substantial gains in Monday's session.

HAL Hits New Heights

Hindustan Aeronautics Ltd (HAL) soars to a 52-week high, delivering 100% returns in 2023. Experts anticipate continued growth in the aerospace sector.

Railway Stocks on the Rise

Railway stocks, including IRCTC and Rail Vikas Nigam, gained 0.6% to 2%. Investors enjoyed a remarkable 151% return on Rail Vikas Nigam in 2023.

Budget Boosts Defence and Railways

The budget allocates ₹5.94 lakh crore for defence and ₹2.40 lakh crore for railways in 2023-24. Anticipating significant focus on growth.

Market Hits Record Highs

Nifty 50 and Sensex reached new highs at 20,602.50 and 68,587.82. BSE Midcap and Small cap indices also hit records. Market exuberance post-election.