Railway related stocks faced huge selling pressure today after the announcement of Rail Budget.
Titagarh Wagons, Kalindee Rail Nirman and Hind Rectifiers were down more than 10% each, Texmaco and Stone India fell 8% each and Kernax Microsystems and Bharat Earth Movers Ltd (BEML) dipped by 5% and 3% respectively.
The trading volumes on these counters jumped more than ten-fold, with as many as a combined 36.9 million shares changing hands compared to an average four million shares traded in the past two weeks.
The railway minister Mamta Banerjee proposed to construct 700 kilometre rail track each year, 30% lower than the 1,000 kilometre set in the previous year's budget. Further, the rail minister also proposed to set up 2 wagon units with private partners.
| Company | Feb-24 | Feb-25 | % Chg |
| Hind Rectifiers | 50.20 | 43.25 | -13.80 |
| Kalindee Rail Nirman | 135.00 | 116.45 | -13.74 |
| Titagarh Wagons | 381.65 | 331.80 | -13.06 |
| Texmaco | 40.75 | 37.50 | -7.98 |
| Stone India | 43.85 | 40.55 | -7.53 |
| Kernex Micro systems | 99.55 | 94.60 | -4.97 |
| BEML | 633.90 | 615.50 | -2.90 |
| (BSE Prices) | |||
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(Updated at 1315pm)
Railway related stocks are facing some selling pressure in mid noon deals. Meanwhile, Rail minister Mamata Banerjee in the Railway Budget has proposed to build up to 700 kilometers of rail track each year. Further, also proposed to set up 2 wagon units with private partners.
Kalindee Rail and Titagarh Wagaons are the major losers down over 6% and 4% respectively.
| Company | Feb-24 | Feb-25 | % Chg |
| Stone India | 43.85 | 43.10 | -1.7 |
| Texmaco | 40.75 | 39.90 | -2.2 |
| Titagarh Wagons | 381.65 | 365.00 | -4.4 |
| BEML | 633.90 | 620.40 | -2.1 |
| Gateway Distripaks | 115.10 | 116.10 | 1.0 |
| Container Corporation | 1095.80 | 1115.00 | 2.0 |
| Kernex Micro systems | 99.55 | 97.05 | -2.7 |
| Kalindee Rail Nirman | 135.00 | 126.20 | -6.2 |
| (BSE Prices) | |||
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(Updated at 1230 hrs)
Railway stocks turn volatile as the Rail minister Mamata Banerjee presents the Railway Budget 2011-12 in the Parliament. Few of the stocks have pared gains, while some continue to trade firm.
| Company | Feb-24 | Feb-25 | % Chg |
| Stone India | 43.85 | 44.35 | 1.2 |
| Texmaco | 40.75 | 40.80 | 0.1 |
| Titagarh Wagons | 381.65 | 379.00 | -0.8 |
| BEML | 633.90 | 644.70 | 1.8 |
| Gateway Distripaks | 115.10 | 117.30 | 2.0 |
| Container Corporation | 1095.80 | 1128.00 | 3.2 |
| Kernex Micro systems | 99.55 | 98.30 | -1.5 |
| Kalindee Rail Nirman | 135.00 | 131.00 | -2.6 |
| (BSE Prices) | |||
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(Updated at 1047 hrs)
Shares of railway and logistic stocks are in limelight on the bourses ahead of Budget. Stone India, Texmaco, Titagarh Wagons, Bharat Earth Movers Ltd (BEML), Kernex Micro Systems, Gateway Distripacks and Container Corporations are trading higher by 1-5%, while Kalindee Rail Nirman is trading flat on the Bombay Stock Exchange (BSE).
| Company | Feb-24 | Feb-25 | % Chg |
| Stone India | 43.85 | 45.90 | 4.7 |
| Texmaco | 40.75 | 41.70 | 2.3 |
| Titagarh Wagons | 381.65 | 389.40 | 2.0 |
| BEML | 633.90 | 646.00 | 1.9 |
| Gateway Distripaks | 115.10 | 116.95 | 1.6 |
| Container Corporation |