Rail Budget 2012-13: Mkt priced in expected change of guard at Railways: Experts

Moneycontrol Bureau

Under fire, the government again seems to have caved in to the Trinamool Congress (TMC) by agreeing to roll back the fare hikes proposed by former Railways Minister Dinesh Trivedi in his one and what largely looks like his only Railways Budget.
New Railways Minister Mukul Roy said the interests of the common man cannot be compromised and that fares for first and second class passengers in air-conditioned carriages would still go up.
Given the kind of resistance to the hike in the first place, Amit Khurana of Dolat Capital says that from a market standpoint it isn