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moving machineries, ship building etc. Titagarh Wagons is the Top 500 performing
stock for the quarter as picked by Dynamic Levels.
Kalindee Rail:
Kalindee Rail had posted the net profit of Rs. 1.15 crores in the September quarter of
the ongoing financial year as compared to the loss of Rs. 8.07 crores in the
corresponding quarter last financial year. Kalindees sales have improved considerably
in the Q2FY17, standing at Rs. 128.36 crores as compared to Rs. 82.73 crores in the
same quarter previous financial year.
Today, Kalindee Rail share price gained 4.79 per cent and traded at the intraday high of
Rs. 121.20 as compared to the previous close of Rs. 115.65. Kalindee Rail is also the
Top 500 pick by Dynamic Levels for the quarter.
number of accidents happening in the sector has hiked of late. China is quite
experienced in financing and developing railway technology, which can possibly be
used as a reference for speeding up construction in the south Asian country. Some east
African countries, including Tanzania, are reportedly inclined to adopt a Chinese model
for the development of their rail systems. Following the Indore-Patna Express
derailment, India and China might speed up cooperation in infrastructure and China
could offer direct support for upgrading Indias railways.
It was only in August that Chinas largest high-speed train and railway equipment
maker announced that its first joint venture in India had been commenced in Haryana. It
was for the first time that China Railway Rolling Stock Corporation (CRRC), a colossal
state-owned enterprise (SOE) in China with more than 1,75,000 employees, had set up a
joint venture in South Asia.
Also, on 14th December, expressing alarm over loss of lives due to train accidents, a
parliamentary panel has suggested setting up a separate safety fund by the Railways and
appointing a Member (Safety), who is exclusively entrusted with ensuring security of
rail passengers.
Standing Committee on Railways in its latest report tabled in Parliament, has
recommended reviewing the current structure of Railway Board as well as zonal and
divisional levels. The committee suggested that the Railways need to gear up and
overcome the challenges before them to achieve higher level of safety by addressing the
basic reasons of accidents. This will help in coordinating micro-level safety measures
into holistic and macro-level safe rail operations. All these reforms have pushed the rail
stocks up.
With so much reforms going in the rail sector in India, the market might be able to see
more bounces in the prices of the rail stocks. It is a good idea to keep an eye on these
stocks as well.
Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the
research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment
decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
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Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research
Analyst/ his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other benefits
from the subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Article Written by
Tanaya Nath