Railway Budget 2016: Rail stocks see mixed trend ahead of budget
These stocks saw a bout of volatility before Railway Minister Suresh Prabhu's budget presentation today. Meanwhile, in the broader market, the benchmark BSE Sensex was trading on a flat note, up 19.98 points, at 23,111.66 at 1100 hrs.
New Delhi : Union Railway Minister Suresh Prabhu give final touches to the Railway Budget 2016 in his office in New Delhi on Wednesday. Also seen is Railway MOS and Railway board members. PTI Photo by Shirish Shete(PTI2_24_2016_000058B)
Rail stocks witnessed a mixed trend in an overall sluggish broader market ahead of the Rail Budget to be announced later in the day. Stone India went up 5.51 per cent and Titagarh Wagons gained 2.62 per cent on BSE. In contrast, shares of Hind Rectifiers plunged 6.22 per cent and Kalindee Rail Nirman Engineers fell 4.59 per cent while Kernex Microsystems was down 4.49 per cent and Texmaco Rail & Engineering 2.89 per cent.
These stocks saw a bout of volatility before Railway Minister Suresh Prabhu’s budget presentation today. Meanwhile, in the broader market, the benchmark BSE Sensex was trading on a flat note, up 19.98 points, at 23,111.66 at 1100 hrs.
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The Railways has earned Rs 1,36,079.26 crore as against the target of Rs 1,41,416.05 crore in April-January of this fiscal, a decline of 3.77 per cent.
