Transportation share price target

ICICI Securities Ltd | Retail Equity Research Budget focus - Shift from populist to reformist One of the most prominent focus areas for the new government has...

India has an extensive road network of 4.9 mn kms which is the second largest in the world. More than 60% of freight and 90% of passenger traffic in the country is handled by road. The transport sector constitutes 6% of the country's GDP and 70% of the share of the roads sector. The government of India has launched major initiatives to upgrade and strengthen highways and...

The Railway Budget 2015-16 marked a promising departure from established conventions (populism) with an absence of new train announcements and a marginal hike in freight rates. To us, the budget?s intent was more to present a five year plan for development of Railways.

Public issue by IRFC of the tax free, secured, redeemable, non-convertible bonds of face value of Rs.1,000 each in the nature of debentures having tax benefits under section 10(15)(iv)(h) of the IT Act 1961, as amended, aggregating upto Rs.3,505.5 Cr in the FY 2013.The Bonds will be issued in one or more tranches subject to Shelf Limit. This Tranche Issue of bonds aggregates to Rs.1000 Cr with an...

Public issue of the tax free bonds in the nature of secured redeemable non-convertible bonds of the Company of face value of Rs.1,000 each, having benefits under section 10(15)(iv)(h) of the IT Act 1961, as amended, aggregating upto Rs.8,88,640 Lakhs in the FY 2013.The Bonds will be issued in one or...