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 69.60BSE Quote1.15 (1.65%)
    NSE 69.60NSE Quote1.5 (2.16%)
    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.

    GoodReturns.in

    Read more about: railway budget 2013
    Story first published: Tuesday, February 26, 2013, 13:47 [IST]
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