Shares of railway related stocks were in demand Friday and rallied up to 19 per cent on the BSE due to heavy volumes in an otherwise subdued market.
Titagarh Rail Systems (TRSL), IRCON International, RailTel Corp, Rail Vikas Nigam (RVNL), RITES, Texmaco Rail & Engineering, Indian Railway Finance Corporation (IRFC) and Jupiter Wagons were up between 5-19 per cent. In comparison, the S&P BSE Sensex was down 0.23 per cent at 65,828 at 01:56 PM.
According to media reports, the railway Minister Ashwini Vaishnaw on Thursday said he is working on a plan to introduce 3,000 new trains in the next four-five years to raise the railways’ passenger capacity from 800 crore at present to 1,000 crore.
