Rail stocks rally on FDI notification

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares in rail stocks rallied after the government notified FDI for the sector. Texmaco Rail was up 9 per cent, while Kalindee Rail Engineering was locked at the upper end of the circuit filter and gained 5 per cent. Titagarh Wagons was also trading 5 per cent higher at the upper end of the circuit filter.

    The government notified the liberalised FDI norms for the Railways, permitting 100 percent foreign direct investment through automatic route in several areas, including high speed trains.

    This is expected to bring in fresh investments into the desperately needed Railways.

    Goodreturns.in

    Read more about: texmaco kalindee fdi
    Story first published: Thursday, August 28, 2014, 11:02 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more