13th Feb, 2009

The Railway Budget 2009-10 will influence the movement of some stocks with in the coming months. We have picked up some stocks which will be influenced favorably by the2009-10 railway budget:

Titagarh Wagons:  

The company builds rail coaches, wagons and bridges for rail lines.

The management says railway traffic is doing reasonably well and this is the right time for the company top add capital assets as steels prices were lower.

Has received order for 2,000 wagons

55% of its sales is to railways. The order book is close to Rs 800 crore. This stock has moved up 45% in one week

 Kalindee Rail Nirman:  

KRN is Involved in railway signaling, telecommunication, civil work, railway tracks.

Planning to raise capital through GDR/FCCB/convertible warrants route to increase promoters stake from 23% currently.

 The stock of the company has gone Up 41% in one week.

Kernex Microsystems:

 Kernex makes anti-collision devices, involved in software development and maintenance services for the railways.

The management says expects orders worth Rs 150-200 crore in upcoming railway Budget. Sees FY10 turnover at about Rs 200 crore. The stock price has moved up 86% in one week