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 102.4BSE Quote0 (0.00%)
NSE 102.7NSE Quote0 (0.00%)
Titagarh Wagons: Quotes, News
BSE 109.30BSE Quote0.6 (0.55%)
NSE 109.35NSE Quote0.3 (0.27%)
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
Story first published: Tuesday, February 26, 2013, 13:47 [IST]
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