Rail sector linked firms gain as CCEA clears 6 Rail projects worth Rs.10700 Crore

The cabinet committee on economic affairs approved the construction of six railway lines and a railway bridge. The proposals will cost over Rs.10,700 crore, according to a report, citing railway minister Suresh Prabhu.

New Delhi: Shares of railway sector-linked firms trade higher after media reports that cabinet committee on economic affairs approved construction of six railway lines and a railway bridge. The proposals will cost over Rs.10,700 crore, according to a report citing railway minister Suresh Prabhu.

Shares of Kalindee Rail surged 3.03% to close at Rs. 139.20 while shares of Titagarh Wagons gained 2% to close at Rs. 128.

Shares of Texmaco Rail and Engineering closed higher 1.35% at Rs. 135.15 and  Sanghvi Movers traded up 1.12% to end at Rs. 271.90.

Shares of Siemens and Alstom ended marginal high  0.37% and 0.02% at Rs. 1030 and Rs. 598 respectively.

However, BEML ended lower 1.79% at Rs. 939.55.

Kalindee Rail Nirman (Engineers) Ltd opened at Rs. 140 and touched a high and low of Rs. 142.7 and Rs. 135.1 respectively. A total of 362886(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 223.05 crore.

The BSE group ‘B’ stock of face value Rs. 10 touched a 52 week high of Rs. 172 on 23-Feb-2015 and a 52 week low of Rs. 98.9 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 147.5 and Rs. 124 respectively.

The promoters holding in the company stood at 42.87 % while Institutions and Non-Institutions held 2.21 % and 54.93 % respectively.

The stock traded above its 50 DMA.

Titagarh Wagons Ltd opened at Rs. 128.4 and touched a high and low of Rs. 131.8 and Rs. 124.4 respectively. A total of 2680880(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1448.07 crore.

The BSE group ‘B’ stock of face value Rs. 2 touched a 52 week high of Rs. 174.6 on 10-Mar-2015 and a 52 week low of Rs. 86 on 03-Jun-2015. Last one week high and low of the scrip stood at Rs. 137.9 and Rs. 108 respectively.

The promoters holding in the company stood at 46.11 % while Institutions and Non-Institutions held 29.38 % and 24.5 % respectively.

The stock traded above its 50 DMA.

Texmaco Rail & Engineering Ltd opened at Rs. 137 and touched a high and low of Rs. 138 and Rs. 132.15 respectively. A total of 360569(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2804.13 crore.

The BSE group ‘B’ stock of face value Rs. 1 touched a 52 week high of Rs. 170.75 on 23-Feb-2015 and a 52 week low of Rs. 101 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 142.35 and Rs. 121 respectively.

The promoters holding in the company stood at 54.81 % while Institutions and Non-Institutions held 33.94 % and 11.25 % respectively.

The stock traded above its 50 DMA.

Sanghvi Movers Ltd opened at Rs.275 and has touched a high and low of Rs.277.9 and Rs.270 respectively. So far 16345(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1164.34 crore.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 408 on 12-Aug-2015 and a 52 week low of Rs. 242.5 on 23-Feb-2015. Last one week high and low of the scrip stood at Rs. 312.5 and Rs. 262 respectively.

The promoters holding in the company stood at 46.88 % while Institutions and Non-Institutions held 28.85 % and 24.26 % respectively.

The stock is currently trading above its 50 DMA.

Siemens Ltd opened at Rs. 1044.8 and touched a high and low of Rs. 1044.8 and Rs. 1017.85 respectively. A total of 263314(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36545.06 crore.

The BSE group ‘A’ stock of face value Rs. 2 touched a 52 week high of Rs. 1558 on 06-Aug-2015 and a 52 week low of Rs. 969 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 1045.4 and Rs. 970 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 13.95 % and 11.05 % respectively.

The stock traded above its 200 DMA.

ALSTOM India Ltd opened at Rs. 605.4 and has touched a high and low of Rs. 609.8 and Rs. 590 respectively. So far 7234(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4019.68 crore.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 874 on 06-Aug-2015 and a 52 week low of Rs. 559.95 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 634 and Rs. 572.2 respectively.

The promoters holding in the company stood at 68.56 % while Institutions and Non-Institutions held 17.22 % and 14.22 % respectively.

The stock is currently trading above its 200 DMA.

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