Shares of companies supplying equipment to the Railways fell quite sharply on Tuesday as investors do not see any big orders coming their way from announcements in the Rail Budget.
Railway stocks are in focus on Tuesday as railway minister Pawan Kumar Bansal will deliver his maiden Rail Budget at 12 pm in the Lok sabha today. Six out of eight stocks were under pressure.
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.
The software, hardware development and systems integration company Kernex Microsystems has been in focus because its railway project in Egypt is expected to generate revenues from the current quarter.
Kernex Microsystems expects to double revenue its revenue this year as the company is anticipating to get final approvals for the supply of multi-section digital axle to the Indian Railways.
SP Tulsian, sptulsian.com, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, spoke about his reading of the market and gave an outlook on his top picked multi-bagger ideas for investments.
Col LV Raju, MD of Kernex Microsystems in an interview with CNBC-TV18 spoke about the latest happenings in the company. He said that the company would be following new markets in Australia, New Zealand, Thailand and Bangladesh very aggressively in the next six months.
In an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, LV Raju, MD, Kernex Microsystems, says he expects more spending on safety from the Railway Minister.