Rail stocks underperform; Titagarh Wagons plunges 57% in a year

Titagarh Wagons, Texmaco Rail and BEML plunged over 40 per cent each on the back of the weak earnings and order inflow.

Shares of railways-related companies underperformed the market by falling up to 57 per cent in the last one year. Titagarh Wagons, Texmaco Rail and BEML have plunged over 40 per cent each on the back of the weak earnings and order inflow.

ABB India and Siemens have slipped 23 per cent and 22 per cent, respectively, while Larsen & Toubro (L&T) and Hind Rectifiers were down 8 per cent each on the BSE in the past one year. In comparison, the S&P BSE Sensex had gained marginally 0.11 per cent at 36,006 points at 11:30 am on Thursday.