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Rail stocks steady ahead of Interim Rail Budget

Rail stocks steady ahead of Interim Rail Budget
Titagarh Wagons: Quotes, News
BSE 58.30BSE Quote0.25 (0.43%)
NSE 58.35NSE Quote0.3 (0.51%)
Kalindee Rail Nirman Engineers: Quotes, News
BSE 102.4BSE Quote0 (0.00%)
NSE 102.7NSE Quote0 (0.00%)
Stocks linked to the Indian Railways were trading steady ahead of the Interim Railway Budget to be announced later today. The stocks had opened significantly higher in morning trade, but, fell later in the day.

Kalindee Rail Nirman, which is primarily into railway track, signaling & telecommunication projects on turn key basis was up 0.60 per cent in trade, while Texmaco Rail, which makes railway freight cars, among others was trading flat.

Titagarh Wagons was up 1.28 per cent at Rs 106.75 on the National Stock Exchange.

Analysts are not expecting much from the Interim Railway Budget, though some populist measures may continue ahead of the elections. They do not see significant gains from the Interim Railway Budget for companies whose fortunes are linked to the Indian Railways.

Story first published: Wednesday, February 12, 2014, 11:34 [IST]
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