Shares of rail related stocks are mixed as minister Suresh Prabhu reads out his maiden Rail Budget speech. He has envisaged Rs 8.5 lakh crore investment over 5 years. He also proposed to focus on signalling system and track laying system. Prabhu said more and lighter wagons will be procured while the government is looking to revamp railway stations redeveopment policy completely.
The minister added that east ticketing services with smart vending & e-ticketing will be made available for all. Taking Prime Minister’s Swach Bharat campaign forward, Prabhu proposed to have toilets in 650 stations and repair 17000 toilets.
Here are 15 stocks to profit or get hurt post Prabhu’s proposals
Freight boost: Container Corporation
Will hike annual freight capacity to 1.5 bn tn
Track expansion: L&T
Will hike track capacity by 14 percent to 1,38,000 kms
Investment commitment: Texmaco, Titagarh
Will invest Rs 8.5 lakh crore over next 5 years
Capacity boost: Kalindee Rail
Will partner with PSUs to ensure sufficient capacity
Cleanliness Drive: A2Z
New department to focus on Swacch Rail
Cleanliness drive: HSIL
Will build new toilets at over 600 stations
Ticketing Convenience: CMC, Kernex
To create multilingual e-ticketing system
On the menu: Jubilant Food
E-Catering introduced on 108 trains via IRCTC
Eye in the sky: Bartronics, Zicom
Surveillance camera for better security of women
Adding more coaches: Titagarh Wagons, Responsive Industries
More general class coaches in select trains
The infra push: L&T, Simplex Infra
To revamp station re-development policy
The infra push: Siemens India
Rs 120 cr for escalators lifts at major stations
The infra push: CONCOR, Allcargo
Multimodal logistics & freight terminals
Going hi-tech: Kernex Micro, SiemensTo improve signalling & electrification work
More wagons: Titagarh WagonsMore & lighter wagons will be procured
Focus on safety: Siemens, Kernex MicroTo install train collision avoiding systems
Easier freight norms: Allcargo, Gateway Dist
Freight determination to be made customer friendly
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
