Rail stocks slide as Railway Budget fails to inspire
Railways stocks fell sharply in trade today with investors generally disappointed over the Railway Budget. BSE 116.705.2 (4.46%) NSE 116.254.5 (3.87%) BSE 122.350.1 (0.08%) NSE 122.150.05 (0.04%)
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.