Monday, 23 February 2015

Railway stocks north-bound on hopes of fresh investments

Titagarh Wagons has soared 8 per cent to a fresh record high on hopes of positive announcement from the upcoming Rail Budget.














Shares of Railway companies are in focus at the start of the all-important Budget week. The Rail Budget will be presented by the railway minister Suresh Prabhu on 26 February, 2015.

It may be recalled that the rail minister had called an investor's meet early in the month of December, to discuss possible options of attracting investments through foreign direct investment (FDI) and public private partnership (PPP) routes for the railways.

Titagarh Wagons is the top gainer so far - up over 8 per cent at a fresh all-time high at Rs. 712.

Stone India, Texmaco Rail & Engineering and Kalindee Rail Nirman Engineers have surged over 4 per cent each to Rs. 97, Rs. 169 and Rs. 168, respectively.

Gateway Distriparks has jumped nearly 2 per cent to Rs. 437, and Container Corporation has added 0.3 per cent to Rs. 1,578.

Meanwhile, the Sensex has pared some gains and is now up  96 points at 29,327.  

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