19 April, 2014 04:47 IST
News
Railway stocks rally on fare hike
Source: IRIS (09-JAN-13)
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.


News
Reliance reports marginal increase in Q4 profit - 18-Apr-2014 18:17
CARE assigns ' BBB (SO)' to Jet Airways - 18-Apr-2014 16:17
CARE reaffirms 'BBB+ (Is)' to Ashiana Housing - 18-Apr-2014 16:10
CARE reaffirms 'AA+' to M&M - 18-Apr-2014 16:05
Chakan plant workers stoppage work is not strike: Bajaj Auto - 18-Apr-2014 15:57
FIIs cut stake in SAIL during March quarter - 18-Apr-2014 15:25
FIIs cut stake in Wockhardt during March quarter - 18-Apr-2014 14:46
FIIs cut stake in PNB during March quarter - 18-Apr-2014 14:29
Alstom bags 30 mn Euro contract from BHEL - 18-Apr-2014 13:40
CARE reaffirms 'A-' to Hatsun Agro Product - 18-Apr-2014 13:04
FIIs hike stake in Dr Reddy`s Lab during March quarter - 18-Apr-2014 12:49
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   qgc3bx into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer