Buy Railway stocks they are at inflection point: Porinju Veliyath

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Pee Vee
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Buy Railway stocks they are at inflection point: Porinju Veliyath

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Railway stocks seem to be at an inflection point after time-passing for a year; we have some holdings.

This is the tweet of Porinju Veliyath today.

There are three railway stocks which are the fancy of Porinju and which he has recommended to buy. These are Titagarh Wagons, Texmaco and Cimmco.

Doubling, tripling of 16,500 km railway lines in a few years:

To fast-track creation of a robust infrastructure, the government has sanctioned plans for doubling and tripling of 16,500 km of railway tracks in few years as against only 22,000 km in last 70 years, Union Minister Suresh Prabhu said on Thursday.

"We have decided to create an infrastructure at a much faster pace...16,500 km of doubling and tripling will happen in the next few years as opposed to what 22,000 km was sanctioned in 70 years," Railways Minister Suresh Prabhu said on the sidelines of a Assocham event here today.

Prabhu said Railways is investing in infrastrucutre to create seamless movement of traffic so that GST becomes a gamechanger wherein goods are moved without hassle.

http://www.business-standard.com/articl ... 928_1.html

Cimmco Porinju has invested

Cimmco is engaged in manufacturing and selling wagons and engineering goods. Its manufacturing activities consist of manufacturing and supply of wagons to Indian Railway, manufacturing and supply of thermal power plants, fertilisers, cement plants, steel plants, and coal mines. Its cement group manufactures and supplies machinery, such as kilns, raw meal and cooler for cement plants. Its project group offers a range of services from concept to commissioning for industrial plants.

Porinju Veliyath-led Equity Intelligence India bought 2,12,000 shares of Cimmco on March 23 at Rs 69.95 a share.

https://economictimes.indiatimes.com/ma ... 849173.cms

Titagarh Wagons, Texmaco to diversify amid stagnant orders from Railways. While Texmaco is focussing more on railway EPC and railway electrification, Titagarh is eyeing the international market.

Facing stagnancy in wagon orders from Indian Railways, Texmaco Rail and Engineering Limited (TREL) and Titagarh Wagons Ltd (TWL) are changing their product mix and market strategy to keep up with the changing times as well as to de-risk themselves from Indian Railways.

While TREL is focusing more on railway EPC (engineering, procurement and construction) and railway electrification — specialities brought in after acquisitions of Kalindee Rail Nirman Engineers and Bright Power Projects (India) — TWL is concentrating more on exposure to the international market

http://www.business-standard.com/articl ... 787_1.html
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