Texmaco dropped 7% to Rs 66.35, while Kalindee Rail Nirman too dropped 7% and Titagarh Wagons was down 5.43% at Rs 406.50 at 2.38 PM IST.
Marketmen expect railway stocks to continue to be under pressure at least for the next few sessions.
Indian Railways needs a sum of Rs 14 lakh crores in the next 10 years, Dinesh Trivedi, Railways Minister said, while presenting the Railway Budget 2012-2013.
Trivedi emphasised the need for funding to achieve ambitions of safety, consolidation capacity augmentation and,de-congestion. He stated that 487 projects were pending and unless he got the support from his government it would be difficult to implement the projects.