Why are Railway stocks skyrocketing today?

Ircon International, Indian Railway Finance Corporation and IRCTC witnessed strong buying on Monday. Rail Vikas Nigam Limited share price touched a new peak after rising over 12%. Market experts attributed the gains to Railways' plans for 2,500 new general passenger train coaches, an additional 10,000 coaches, another 50 Amrit Bharat trains and expectations for Railways in the upcoming Budget.

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