Day's Digest - Five stocks to watch out on February 24

The five stocks that may witness some kind of significant movement on Feb 24 in the markets are: Titagarh Wagons, Siemens, Texmaco Rail Engineering, Kalindee Rail Nirman (Engineers), BEML

a) Titagarh Wagons: Titagarh Wagons is engaged in the manufacturing and selling of railway wagons, steel castings, heavy earth moving and mining equipment, bailey bridges and electric multiple unit (EMU), among others. During the rail budget, company is expected to benefit as the Indian railway infrastructure market is floating to witness a significant turnaround in the coming years with recent changes in procurement policy.

b) Siemens: Siemens is a provider of technology enabled solutions in a range of sectors. The company operates in five business segments viz. Infrastructure and Cities, Energy, Industry, Healthcare and others. It reported decent third quarter results.The stock to be watechd out on the big bang Rail Budget.

c) Allcargo Logistics: Allcargo Logistics is in providing integrated logistics solutions. The company offers logistics services across multimodal transport operations, inland container depot, container freight station operations, third party logistics operations and project and engineering solutions. It has three segments viz. Multimodal Transport Operations, full container load forwarding activities; Container Freight Stations Operations. The logistics chain related company's stock will be in focus for the day.

d) Kalindee Rail Nirman (Engineers): Kalindee Rail Nirman (Engineers) is engineering, procurement and construction (EPC) company for railway sector. The company offers services in signaling, telecommunications, track and information systems. During the Rail Budget, there will be more announcements of new rail routes. The requirement of new coaches may rise in coming year. Therefore the stock like Kalindee Rail Nirman (Engineers) should be watched out for the day.

e) BEML: BEML is engaged in manufacture of rail coaches and spare parts and mining equipment. Its segment includes Mining & Construction, Rail & Metro and Defense. Within two days, the company’s share price increased by 7.42 per cent on bourses and is trading at Rs 1021 on intraday basis. There will be expectations from Rail Budget like modernisation and expansion of railways and metros.