Railway stocks gain ahead of the budget, Texmaco, BEML up

NEW DELHI: Shares of BEML, Kalindee Rail, Texmaco trade firm on Wednesday ahead of the Rail Budget 2012. Minister for Railways, Dinesh Trivedi would be presenting the Railway Budget for the financial year 2012-2013 today.

At 10:50 a.m., shares of BEML surged 1.7%, Kalindee Rail Nigam moved 1.30% higher and Kernex Microsystems gained 2.30 per cent. Titagarh Wagons was down 0.5% lower and Stone India was down 1.2%.

According to analysts, wagon makers such as Titagarh Wagons, Texmaco will be in limelight, as lot of wagon companies are likely to get big orders to improve safety measures.

Media reports suggest, the budget should focus more on adding to the rail infrastructure, railway modernisation which was recommended by Sam Pitroda Committee, passenger security and work on the dedicated freight lines, should be accelerated to avoid congestion on the operative routes.

Possibly companies like IVRCL, NCC, Era Infrastructure and Kalindee Rail could be the potential beneficiaries if there is a substantial amount of allocation done in modernisation of railway.

Safety of passengers is also one of the concerns which could be highlighted in the budget. If railways minister give anti-collision system orders to boost passenger safety. Companies like Siemens and Kernex would benefit from anti-collision system orders.