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Broader markets gain but rail stocks fail to rally
Published on Fri, Jul 03, 2009 at 14:44   |  Updated at Fri, Jul 03, 2009 at 16:21  |  Source : Moneycontrol.com

Union Railway Minister Mamata Banerjee today presented the Railway Budget for 2009-2010. 50 stations will be developed with world class facilities, this will be positive for companies like BEML, Texmaco and Kalindee Rail Nirman. The focus on railway safety will be positive for stocks like Integra Hindustan and Kernex Micro Systems.

Railways will introduce infotainment services on long distance travels. This is going to benefit companies like Reliance Infocomm, Adlabs, Tata & Sahara TV.

The anti collision will be positive for Kernex Micro. It will also benefit from ACD (Anti-Collision Device) deployment. The education companies to benefit via PPP (Public Private Partnership) model for education schools on railway land.

Railways will be introducing 5 new double decker trains which will be positive for Titagarh Wagons, Texmaco.

The laying of optic fibre cables is likely to benefit Tulip Telecom, Sterling Biotech, Fiber Cable.

Companies like Stone India, Hind Rectifiers, Texmaco, BEML to benefit from procurement of new coaches. Finolex, Aksh opifibre to get business if optical fibres are laid along rail lines.
Commenting on the same, SP Tulsian of sptulsian.com, said the government had taken a progressive and revolutionary approach.

 

Railway Stocks Performance

 

Company % Chg  Close (Rs)
Stone India 4.89 47.15
BEML 4.51 1033.00
Concor 4.02 1010.50
Simplex Infra 1.28 395.00
Texmaco -0.05 114.45
Hind Rectifiers -2.67 60.05
Kernex Micro -4.97 125.15
Kalindee Rail Nirman -4.99 212.40
Titagarh Wagons -5.00 417.35

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