Rail stocks trade mixed ahead of budget
Titagarh Wagons, Hind Rectifiers, Cimmco and Container Corporation are up1-5%, while Kernex Microsystems, Texmaco Rail, Stone India and Kalindee Rail down 1-4% on BSE.
 "Rail stocks trade mixed ahead of budget")
Rail-related stocks are trading mixed on BSE in early morning trade, ahead of the Railway Budget today. Titagarh Wagons, Hind Rectifiers, Cimmco and Container Corporation are trading higher between 1-5%, while Kernex Microsystems, Texmaco Rail and Engineering, Stone India and Kalindee Rail Nirman down 1-4% on the Bombay Stock Exchange (BSE). The S&P BSE Sensex was down 0.11% or 31 points at 0921 hours.
Railway Minister Suresh Prabhu will present FY16 Railway Budget later in the day today.
Analysts expect railways and related infrastructure to attract large amount of capital over the next few years, they are unsure if the government has sufficient projects to invest in currently. Its thrust areas – high-speed rail network, dedicated freight corridors (other than the two ongoing projects) and related areas of industrial corridors, and smart cities – are likely to take time to evolve, they say. CLICK HERE TO READ FULL REPORT.
Railway Minister Suresh Prabhu will present FY16 Railway Budget later in the day today.
Analysts expect railways and related infrastructure to attract large amount of capital over the next few years, they are unsure if the government has sufficient projects to invest in currently. Its thrust areas – high-speed rail network, dedicated freight corridors (other than the two ongoing projects) and related areas of industrial corridors, and smart cities – are likely to take time to evolve, they say. CLICK HERE TO READ FULL REPORT.