Rail shares gallop on FDI hopes

Rail-related shares gained on media reports that govt may soon announce FDI policy for railways

Rail-related shares surged after media reports said that the government is likely to announce foreign direct investment policy for railways soon.

Kernex Microsystem surged 7% and is currently quoting at Rs 74.35 on the BSE. The stock opened at Rs 69.45, touched a high of Rs 75 and a low of Rs 69 on the BSE. Over 598,815 shares were traded on both the stock exchanges so far.

Kalindee Rail Nirman rose 5% to Rs 103.35 on the BSE. The stock opened at Rs 99.9, touched a high of Rs 103.35 and a low of Rs 93.5 on the BSE. Over 107,056 shares were traded on both the stock exchanges so far.

Titagarh Wagons gained 5% to Rs 250 on the BSE. The stock opened at Rs 248.9, touched a high of Rs 250 and a low of Rs 242 on the BSE. Over 78,956 shares were traded on both the stock exchanges so far.

Texmaco Rail and Engineering appreciated 5.1% to Rs 109.9 on the BSE. The stock opened at Rs 105, touched a high of Rs 112.4 and a low of Rs 105 on the BSE. Over 740,283 shares were traded on both the stock exchanges so far.