Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 May, 2015 02:07 IST
Railway stocks rally on fare hike
Source: IRIS | 09 Jan, 2013, 04.15PM
Comments  |  Post Comment

Rail stocks rallied on Wednesday after the Railway Minister Pawan Bansal announced hike in rail fares, which will be effective from Jan. 21, 2012.

Hind Rectifiers gained the most with rise of 4.57%, followed by Kernex Microsystems (4.38%), Kalindee Rail Nirman Engineers (3.76%), Texmaco Rail & Engineering (2.05%) and Titagarh Wagons (1.22%).

Sleeper class fare hiked by 6 paise per km while AC 1st and 3-Tier class fared raised to 10 paise per km.

While ordinary non-suburban fare raised to 3 paise per km. Ordinary suburban fare hiked to 2 paise per km.

There will be no hike in fares during Rail Budget next month, Bansal said.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
RBI removes restrictions on new FII investment in Ipca Lab - 22-May-2015 18:30
RBI raises FII investment limit in Somany Ceramics to 40% - 22-May-2015 18:20
ITC Q4 profit climbs 3.6%, misses forecasts - 22-May-2015 17:38
Karnataka Bank quarterly profit jumps 65.5% - 22-May-2015 15:50
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Strides Arcolab turns to profit in Jan-Mar quarter - 22-May-2015 15:30
Punj Lloyd reports Rs 2.69 bn profit in Q4 - 22-May-2015 15:25
No order to recall Maggi Noodles being sold: Nestle India - 22-May-2015 15:19
SBI witnesses improvement in asset quality - 22-May-2015 14:24
Hi-Tech Gears Q4 profit surges 83.78% - 22-May-2015 14:02
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer