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

  • E-wallet companies must make their revenue models sustainable

    At a time when e-wallets have come to be accepted as the new normal, HDFC chairman Aditya Puri’s contention that digital payment companies have no f

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: The Phantom of a Bloody Opera

As long as the walk between subjectivity and objectivity is ...

Sachin Shridhar

Strip numbers, see truth

Indian Parliament has over has over 34 per cent of ...

Kuruvilla Pandikattu

The eternal question of science & religion

Well-known physicist Stephen Barr, author of Modern Physics and ...