Railway-related stocks are in focus today and are trading higher by up to 6% ahead of the Railway Budget on Tuesday, July 8. Texmaco Rail & Engineering, Titagarh Wagons, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are up between 5-6% on the Bombay Stock Exchange (BSE). In comparison, the benchmark Sensex was up 0.20% at 25,875.
Last month, Nirmala Sitharaman, minister for commerce and industry had said that the country needs foreign direct investment (FDI) for expansion of railway network. Railways require large-scale resources for modernisation and improving systems and processes for higher safety.
Among the individual stocks, Texmaco Rail and Engineers has rallied 6% to Rs 127 on BSE. Titagarh Wagons, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are up 5% each.
Last month, Nirmala Sitharaman, minister for commerce and industry had said that the country needs foreign direct investment (FDI) for expansion of railway network. Railways require large-scale resources for modernisation and improving systems and processes for higher safety.
Among the individual stocks, Texmaco Rail and Engineers has rallied 6% to Rs 127 on BSE. Titagarh Wagons, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are up 5% each.