Mumbai, Feb. 1 -- Shares of railway-related companies traded higher after Finance Minister Nirmala Sitharaman, in the Union Budget 2026, proposed the development of seven high-speed rail corridors, signaling a strong push to modernize India's rail infrastructure and enhance long-distance mobility.
Quadrant Future Tek (up 2.59%), Jupiter Wagons (up 1.24%), IRFC (up 1.10%), RITES (up 1.20%), and RailTel (up 1.08%) edged higher.
The proposed corridors include Mumbai-Pune, Hyderabad-Pune, Hyderabad-Bengaluru, Chennai-Bengaluru, Delhi-Varanasi, and Varanasi-Siliguri, aimed at improving intercity connectivity, reducing travel time, and supporting economic activity across key urban and industrial clusters.
The announcements were made during Sit...