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Rail stocks slide as Railway Budget fails to inspire

 Rail stocks slide as Railway Budget fails to inspire
Kalindee Rail Nirman Engineers: Quotes, News
BSE 102.4BSE Quote0 (0.00%)
NSE 102.7NSE Quote0 (0.00%)
Titagarh Wagons: Quotes, News
BSE 61.60BSE Quote0.1 (0.16%)
NSE 61.75NSE Quote0.2 (0.32%)
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
Story first published: Tuesday, February 26, 2013, 13:47 [IST]
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