Rail stocks slide as Railway Budget fails to inspire

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 Rail stocks slide as Railway Budget fails to inspire
Kalindee Rail Nirman Engineers: Quotes, News
BSE 116.10BSE Quote2.2 (1.89%)
NSE 116.60NSE Quote2.05 (1.76%)
Titagarh Wagons: Quotes, News
BSE 116.95BSE Quote1.25 (1.07%)
NSE 116.70NSE Quote1.4 (1.20%)
Railways stocks fell sharply in trade today with investors generally disappointed over the Railway Budget.

Kalindee Rail Nirman was down by Rs 5 at Rs 73.60, while Texmaco shed 4 per cent, Titagorh Wagons fell 6 per cent and Kernex dropped 5 per cent.

The investment outlay in the Rail Budget was not too inspiring, which prompted investors to sell rail stocks. The only stock that climbed was Container Corporation of India.


Read more about: railway budget 2013
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