Source: DRHP Filings of RITES Ltd
Categories
India’s silent Metro Revolution
Source: DRHP Filings of RITES Ltd
Category: Rail Stocks
This post is in continuation of my 5 Stocks Series (see here)
Rail Stocks have been massacred in 2013 YTD as can be seen from the table below:
| Symbol | Close on 31 Dec,2012 | Close on 21 June,2013 | Loss |
| KALINDEE | 101.8 | 59.05 | -41.99% |
| TEXRAIL | 66 | 34.5 | -47.73% |
| TWL | 358.7 | 107.5 | -70.03% |
| CEBBCO | 92.6 | 15.75 | -82.99% |
This post is in continuation of my 5 Stocks Series (see here).
Rail Wagon Stocks are having a terrible time this year as the table below indicates:
| Symbol | Close on 31 Dec, 2012 | Close on 18 April, 2013 | Loss |
| TEXRAIL | 66.00 | 49.95 | -24.32% |
| KALINDEE | 101.80 | 49.45 | -51.42% |
| TWL | 358.70 | 169.1 | -52.86% |
| CEBBCO | 92.60 | 29.95 | -67.66% |
Categories
The Mamata Effect
The fiasco over the rail budget has wrecked the market caps of Rail wagon companies.
Consider the performance of the rail stocks post the rail budget till now:
CIMMCO (down 22%)
Kalindee (down 59%)
Texrail (down 22%)
TWL (down 30%)
None of these stocks are in the F&O segment else they would have been butchered even further.
Considering the poor finances of Indian railways, the under performance should continue till the next Rail budget at least.
A sector to avoid.