PSU rail, defence stocks rally up to 77% in 1 month. Will Budget be about Modi stocks?

Dalal Street anticipates Finance Minister Nirmala Sitharaman to maintain the capex agenda and fiscal discipline. PSU stocks in railways and defence sectors lead with up to 77% returns in a month. Pre-Budget optimism propels PSU stocks to record highs, despite concerns over stretched valuations. The rally is driven by 'Modi stocks,' linked to capex and infrastructure sectors.