The budget announced sounded more realistic as major focus was on:
-Railway modernizing through PPP (Public Private Partnership) projects. ( This in future will help private entities like L&T and Alstom)
-New trains, 5 jansadharan,5 premium, 6 AC,27 express,8 passenger trains
-Encouraging corporate to adopt stations
-For additional revenue generation:-Automatic rebate for return tickets
-Dedicated freight corridors on eastern and western routes
Companies like Kalindee and Titagarh wagons appear strong as the budget announced is having plans for new trains, railway infrastructure development and completion of ongoing projects. this will directly benefit these stocks.
By Rohit Gadia, Founder and CEO, CapitalVia Global Research Limited