Passenger fares may be hiked marginally; exit rail stocks: analysts

Gatimaan Express waits for departure at Hazrat Nizamuddin
Latest News – Rail related stocks have done well since December 26, 2016 when the market hit its recent low with counters such as Hind Rectifiers, Timken India, BEML, Kernex Microsystems, Titagarh Wagons, Texmaco Rail and Kalindee Rail gaining three per cent to 28 per cent till January 27. By comparison, the benchmark indices – the S&P BSE Sensex and the Nifty50 have gained eight per cent and nine percent each respectively, during this period.
Since the union budget would subsume the railways budget and internalise its revenues and expenditure, analysts believe these changes do not alter the overall aim and outlook of the budget, but will only change its format and presentation to some extent. The practice of presenting a separate railway budget was introduced by the British government 92 years ago to focus more on India’s most important infrastructure network.
“We expect the finance minister to increase the capital outlay for the railways sector to (Read More)
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s