Railway-related stocks are continue at their upward march and trading higher by up to 7% second day in a row ahead of the Railway Budget on Tuesday, July 8.
Texmaco Rail & Engineering, Titagarh Wagons, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are up between 4-8% in early morning deals on the Bombay Stock Exchange (BSE). In comparison, the benchmark Sensex was up 0.5% at 26,076.
The Railway Budget is likely to focus on modernisation and devise new strategies for attracting private investment.
The Narendra Modi-led government's promise of having "railway stations like airports" will be given a push by identifying more stations for modernisation drive.
According to senior railway officials, more stations will be identified for monetising vacant land and leasing space to private players to diversify earnings. The railways are also exploring options to utilise the space above platforms for commercial development, the Business Standard report suggests.
Among the individual stocks, Texmaco Rail and Engineers has rallied 8% to Rs 139, extending its Friday’s nearly 8% gain on BSE.
Kalindee Rail Nirman (5% at Rs 135), Stone India (5% at Rs 48), Titagarh Wagons (4% at Rs 328) and Kernex Microsystems (3% at Rs 73) are also trading higher between 4-5% on BSE.
Texmaco Rail & Engineering, Titagarh Wagons, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are up between 4-8% in early morning deals on the Bombay Stock Exchange (BSE). In comparison, the benchmark Sensex was up 0.5% at 26,076.
The Railway Budget is likely to focus on modernisation and devise new strategies for attracting private investment.
The Narendra Modi-led government's promise of having "railway stations like airports" will be given a push by identifying more stations for modernisation drive.
According to senior railway officials, more stations will be identified for monetising vacant land and leasing space to private players to diversify earnings. The railways are also exploring options to utilise the space above platforms for commercial development, the Business Standard report suggests.
Among the individual stocks, Texmaco Rail and Engineers has rallied 8% to Rs 139, extending its Friday’s nearly 8% gain on BSE.
Kalindee Rail Nirman (5% at Rs 135), Stone India (5% at Rs 48), Titagarh Wagons (4% at Rs 328) and Kernex Microsystems (3% at Rs 73) are also trading higher between 4-5% on BSE.
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