Rail stocks continue to rise; gain up to 13%

Tags: Companies
Stocks of companies related to railways sector continued to surge for the second straight session, gaining up to 13 per cent today ahead of the Rail Budget tomorrow.

Shares of Texmaco Rail & Engineering surged 13.03 per cent, while Titagarh Wagons rallied 4.99 per cent on the BSE.

Kalindee Rail Nirman (Engineers) was up 4.96 per cent and Kernex Microsystems soared 4.38 per cent.

On Friday also, these stocks had gained up to 8 per cent.

"Some measures which can be expected in this railway budget are FDI in railways, increasing the number of trains, increasing the speed of the trains by cleaning up surrounding areas of railway tracks, introduction of bullet trains," said Yogesh Nagaonkar, VP- Institutional Equities, Bonanza Portfolio.

Railways Minister Sadananda Gowda will present his maiden rail budget tomorrow in Parliament.

Meanwhile, the broader market was also strong with the benchmark Sensex gaining 138.02 points to close at 26,100.08.

EDITORIAL OF THE DAY

  • Wealth inequality poses a bigger challenge for policy planners and economic governance

    Was garibi hatao call of Indira Gandhi ,made in the 1970s, a mere electioneering slogan?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust:The mother of all battles

Gassed out after the interminable interplay of the Yadavs in ...

Rajgopal Nidamboor

Of life’s essentiality and synchrony

It is no big deal to think of psychology as ...

Anil Dharker

No women, no Cry

EDM, as you would know if you are young, (and ...