Hey Prabhu! Railway stocks derailed in run-up to budget 2016

what remains interesting to watch is the decision that the minister would take to improve the strained finances of Railways, which could mean increasing the freight or passenger fare rates.

Stocks of companies related to railways sector were mostly trading lower in the range of 0.65-2.15% in the run-up to Railway Budget 2016, which will be presented by its Minister Suresh Prabhu at 12.00 in the noon.  

However, what remains interesting to watch is the decision that the minister would take to improve the strained finances of Railways, which could mean increasing the freight or passenger fare rates. While, raising freight rates may not be a sensible decision right now given that freight tariffs have grown by just 0.3% in January, upping passenger fares seem to be politically unpalatable.

Texmaco Rail & Engineering Ltd is currently trading at Rs. 129.6, down by Rs. 1.45 or 1.11% from its previous closing of Rs. 131.05 on the BSE. The scrip opened at Rs. 133.05 and has touched a high and low of Rs. 134 and Rs. 127.25 respectively. So far 990534(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2755.77 crore.

Titagarh Wagons Ltd is currently trading at Rs. 124.55, up by Rs. 0.8 or 0.65% from its previous closing of Rs. 123.75 on the BSE. The scrip opened at Rs. 125.7 and has touched a high and low of Rs. 127 and Rs. 121 respectively. So far 3548000(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1427.88 crore.

Kernex Microsystems (India) Ltd is currently trading at Rs. 37, down by Rs. 0.8 or 2.12% from its previous closing of Rs. 37.8 on the BSE. The scrip opened at Rs. 39.45 and has touched a high and low of Rs. 39.45 and Rs. 36.1 respectively. So far 34086(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 47.25 crore.

Kalindee Rail Nirman (Engineers) Ltd is currently trading at Rs. 133.5, down by Rs. 1.5 or 1.11% from its previous closing of Rs. 135 on the BSE. The scrip opened at Rs. 135 and has touched a high and low of Rs. 136.1 and Rs. 130.9 respectively. So far 805814(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 222.89 crore.