For Quick Alerts
For Daily Alerts

Rail Stocks Up Ahead Of Railway Budget


Shares in stocks that supply to the railways, were trading slightly higher, after witnessing some selling pressure on Tuesday. Kalindee Rail was up 0.5 per cent, Titagarh Wagons was up half per cent and BEML was up 1 per cent. Texmaco Rail was also up in early trade.

Rail Stocks Up Ahead Of Railway Budget
Union Railway Minister, Suresh Prabhu is expected to announce the Rail Budget on Feb 25. With budgetary constraints, it is unlikely that there is going to be huge prospects for Rail companies. This is because the Union Budget 2016, will have to make huge allocations for the 7th Pay commission and also towards the one rank one pension scheme.

Stocks linked to the Railways tend to get fired-up, before the Rail Budget, but, this has not been the case this year.

Story first published: Wednesday, February 24, 2016, 11:11 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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