Jupiter Wagons and railway stocks plunged after the Union Budget FY26 disappointed on capex growth, keeping railway allocation at Rs 2.5 lakh crore. Despite strong Q3 earnings, Jupiter Wagons fell 8%, Ircon dropped 5.6%, and other railway stocks declined. Analysts expect short-term pressure on infrastructure stocks as fiscal prudence takes priority over capex expansion. Jupiter Wagons and railway stocks plunged after the Union Budget FY26 disappointed on capex growth, keeping railway allocation at Rs 2.5 lakh crore. Despite strong Q3 earnings, Jupiter Wagons fell 8%, Ircon dropped 5.6%, and other railway stocks declined. Analysts expect short-term pressure on infrastructure stocks as fiscal prudence takes priority over capex expansion. Economic Times
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