 "Rail stocks in focus; Titagarh Wagons surges over 15%")
Shares of companies related to railways sector are in focus and rallied by up 17% on the bourses on back of heavy volumes.
Titagarh Wagons has rallied 17% to Rs 644, also its 52-week high on BSE, on back of heavy volumes. The trading volumes on counter jumped more than two-fold with a combined 4.32 million shares changed hands till 1149 hours on BSE and NSE.
In the past three trading sessions, the stock zoomed 47% from Rs 438 on February 16, 2015.
On Thursday, February 19 2015, HDFC Mutual Fund A/c HDFC Prudence Fund bought 211,000 shares of Titagarh Wagons at an average price of Rs 535.58, the NSE bulk deal data shows.
Among the other individual stocks, Cimmco is locked in upper circuit of 10% at Rs 77 on BSE. Stone India surged 8% to Rs 98, while Kalindee Rail Nirman (Engineers) gained 3% at Rs 162 and Texmaco Rail & Engineering up 2% at Rs 165 on BSE.
Meanwhile, the Narendra Modi government’s first full-fledged railway budget is to be announced on February 26.
According to media reports, the government is looking at ramping up private investment through public-private partnerships (PPP).
"The railways need an investment of at least $100 billion in the next few years to expand its network and improve service. There is enough scope for the private sector to invest," said Railways Minister Suresh Prabhakar Prabhu, adding the ministry was aiming at increasing the tracks across the country by 30,000 km, and this alone would cost $50 billion, the report suggested. CLICK HERE TO READ FULL REPORT.
Titagarh Wagons has rallied 17% to Rs 644, also its 52-week high on BSE, on back of heavy volumes. The trading volumes on counter jumped more than two-fold with a combined 4.32 million shares changed hands till 1149 hours on BSE and NSE.
In the past three trading sessions, the stock zoomed 47% from Rs 438 on February 16, 2015.
On Thursday, February 19 2015, HDFC Mutual Fund A/c HDFC Prudence Fund bought 211,000 shares of Titagarh Wagons at an average price of Rs 535.58, the NSE bulk deal data shows.
Among the other individual stocks, Cimmco is locked in upper circuit of 10% at Rs 77 on BSE. Stone India surged 8% to Rs 98, while Kalindee Rail Nirman (Engineers) gained 3% at Rs 162 and Texmaco Rail & Engineering up 2% at Rs 165 on BSE.
Meanwhile, the Narendra Modi government’s first full-fledged railway budget is to be announced on February 26.
According to media reports, the government is looking at ramping up private investment through public-private partnerships (PPP).
"The railways need an investment of at least $100 billion in the next few years to expand its network and improve service. There is enough scope for the private sector to invest," said Railways Minister Suresh Prabhakar Prabhu, adding the ministry was aiming at increasing the tracks across the country by 30,000 km, and this alone would cost $50 billion, the report suggested. CLICK HERE TO READ FULL REPORT.