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Last Updated : Jan 09, 2013 06:13 PM IST | Source: Moneycontrol.com

Railway stocks fly on fare hike

Railway stocks gained huge buying interest in late trade on Wednesday after Railway Minister Pawan Kumar Bansal announced a hike in railway fares, the first in the last 10 years.

 
 
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Railway stocks gained huge buying interest in the last few minutes of trade on Wednesday after Railway Minister Pawan Kumar Bansal announced a hike in railway fares, the first in the last 10 years.


The new fares will be effective from midnight of January 21, 2012. Meanwhile, the Railway Minister also clarified that the fares will not be hiked in Railway Budget.


Texmaco Rail and Engineering rallied 2.05 percent to close at Rs 72.35 on Bombay Stock Exchange.


Kalindee Rail Nirman (Engineers) was up 3.76 percent to Rs 109 amid heavy volumes. Kernex Microsystems (India) jumped 4.38 percent to Rs 82.15.

Titagarh Wagons rose 1.22 percent to Rs 377.25 while Stone India advanced 2.64 percent to Rs 36.90 amid large volumes.

First Published on Jan 9, 2013 04:39 pm
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