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 116.70BSE Quote5.2 (4.46%)
NSE 116.25NSE Quote4.5 (3.87%)
Titagarh Wagons: Quotes, News
BSE 122.35BSE Quote0.1 (0.08%)
NSE 122.15NSE Quote0.05 (0.04%)
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.

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Read more about: railway budget 2013
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