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 102.40 (0.00%) NSE 102.70 (0.00%) BSE 109.300.6 (0.55%) NSE 109.350.3 (0.27%)
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.