It was Lalu’s last lap (fifth Railway Budget) which saw strong thrust on technology and infrastructure. Stocks from steel, technology, capital goods and infrastructure stocks saw some positive impact.
50 big terminals are being planned in Mumbai, Pune, Gaziabad. Concor will set up 8 depots,which saw the stock move up. The Railway Budget sees annual steel traffic aim of 200 mt in 2011 versus 120 mt now, which saw steel SAIL gaining over 2%. 25-30 tonne axle load trains to be started.
Budget sees strong revenues coming from comoditiy transportation. FY08 coal freight loading seen at 336 mt. The budget has also planned 200 mt tariff from cement in 2011-12. SPV for links to Mundra, Kandla, Krishnapatnam ports. The budget has an ambitious plan to set up 20,000 km high density network. It plans to upgrade infrastructure in 7 years at Rs 75,000 crore.
The budget sees excess freight loading target of 310 mt in next 4 years. To up auto ticket sale machines to 6,000 in 2 years. The Budget plans to produce only stainless steel coaches after FY10. It also plans for new coaches in all Shatabdi trains by 2011. It plans to start making steel coaches from FY09. It also plans new coaches in all rajdhani trains by 2010.
Clear thrust was seen on technology; TCS, Wipro, Satyam were up on account of IT upgradation order. The budget will have online control of trains in 2 years. It plans to link trains via software communication by 2009. It plans to start ticket confirmation via mobile phones. The Budet is planning 'smart card' based ticket system. SMART CARDS will benefit Bartronics.
The other measures to be positively impact stocks are automated signalling to benefit Kernex Micro. ETA display in long-run trains to benefit Mic Electronics. CCTV, metal detectors installation is expected to benefit Zicom . Anti-fire protection to benefit Nitin Fire Protection.
Source: Moneycontrol.com
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