Shares of railway-related companies which are state-owned, such as Indian Railway Catering and Tourism Corporation (IRCTC), IRCON International, and Rites, have outperformed the markets since the last Union Budget on July 5, 2019.
From the private sector, Hind Rectifiers and Siemens, too, outpaced the benchmarks during the period. The S&P BSE Sensex was up 3.7 per cent since July 5 last year. However, Larsen & Toubro, Kernex Microsystems, NBCC, and Texmaco Rail were down in the range of 13 per cent to 41 per cent on the BSE.