All the Railway stocks are in the limelight today – Kalindee Rail, Stone India, Taxmaco, Titagarh Wagons, Simplex Castings, Texmaco, Hind Rectifiers, Kernex, Container Corp, BEML, Transformers & Rectifiers and Nelco.

Simplex breached the 5% upper circuit, Stone India hit a new high but is now in the red; the rest of the stocks are all up strongly in the green.

The Railway stocks are reacting positively to the much needed hike in the freight rates. Effective 25^th June’14, the Govt has hiked passenger fares by 14.2% and freight by 6.5%. This is expected to help the Indian Railways raise Rs.8000 crore in the current fiscal which can be used for the much needed modernization and other improvements. Much more infra flow into the sector is now expected and these stocks are up in expectations of new and lucrative business from Indian Railways coming their way.