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Railway-related stocks subdued ahead of interim Railway Budget

Source : BUSINESS_STANDARD
Last Updated: Tue, Feb 11, 2014 13:20 hrs

Shares of rail-related stocks remained flat on Tuesday, ahead of the interim Rail Budget to be presented by Railway Minister Mallikarjun Kharge on Wednesday, February 12, 2014.

Generally, these stocks rally ahead of the presentation of the Rail Budget on expectation of new orders for wagons and other rail infrastructure such as signalling systems among others.

Stocks of state-owned heavy engineering company BEML which manufactures railway engines was down 0.1% at Rs 198 on the NSE.

Kalindee Rail Nirman (Engineers) Ltd which specialises in execution of rail track, signalling and telecommunication projects on turnkey basis was down by over 1.8% at Rs 66.25.

Texmaco Rail and Engineering which makes special freight wagons, tank wagons and container rakes was up by nearly 1.2% at Rs 43.

Hind Rectifiers which has expertise in design and manufacture of power semi-conductor, power electronic equipment and rail traction equipment was down 1.8% at Rs 34.95.

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