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
21 October, 2014 23:48 IST
News
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.


News
Angel Broking recommends Accumulate on HDFC Bank - 21-Oct-2014 18:35
K P I T Technologies consolidated quarterly profit rises 5.72% - 21-Oct-2014 18:08
Cairn India consolidated quarterly profit falls 32.71% - 21-Oct-2014 18:02
FIIs hike stake in Exide Industries - 21-Oct-2014 17:51
FIIs cut stake in RPower, DIIs raise exposure - 21-Oct-2014 17:43
TCS launches User Experience Center of Excellence in Cincinnati, Ohio - 21-Oct-2014 17:26
Maruti Suzuki announces 6th edition of sustainability report - 21-Oct-2014 17:21
Induslnd Bank inks deal with Farhan Akhtar to endorse the brand - 21-Oct-2014 16:58
Angel Broking maintains neutral on Indoco Remedies - 21-Oct-2014 16:03
Mcleod Russel India standalone quarterly profit falls 9.77% - 21-Oct-2014 15:57
Angel Broking maintains Buy on United Phosphorus - 21-Oct-2014 15:53
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   d9ysq6 into this box
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