Railways stocks on track

about 1 month ago
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Two PSU railway stocks, RailTel and Rail Vikas Nigam are in the limelight today. RailTel rose over 17.5% to hit an intraday high at Rs.153.90, going close to its 20% UC of the day at Rs.156.75. Rail Vikas went up 10% to hit an intraday high at Rs.32.75.

The two stocks are up on a report put out by Indian Express that the Govt is looking at making several structural changes in both the companies – a merger of Rail Vikas with Ircon and RailTel with IRCTC.

This is unconfirmed news and based on conjecture from a report put out by Sanjeev Sanyal, the principal economic adviser to the Finance Ministry, Indian Express.

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