Union Misinter for Railways Mamata Banarjee will present her second Rail Budget today.Street consensus expects no hike in passenger fares.Though there is a possibility of selective freight rate hike.
No hike in freight rates for foodgrains and fertiliser stocks is expected.However,iron ore, coal and cement freights are likely to go up.
Also a special Railway Security Fund is likely to be set up this Budget.
Private Investments in Railways may get a booster.This will benefit companies like Larsen & Toubro, Adani and ACC.
The Budget may also see the unveiling of a new public-private policy and focus on cost saving and higher efficiencies. It may boost wagon capacity utilisation. Private companies have made a case for greater wagon purchase. The move is likely to benefit companies like Texmaco and Titagarh Wagons.
Have a great trading day,
Regards,
Rahul Tawde.
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