Rail stocks extend gains on order flow; BEML zooms 30% in 10 days

CEBBCO and Titagarh Wagons rallied 38% and 28%, respectively, in the past eight trading days on BSE.

Shares of companies related to the railway sector were trading higher by up to 7% on the back of the order flow.

BEML, Texmaco Rail and Engineering, Titagarh Wagons and Commercial Engineers & Body Builders Company (CEBBCO) were up 2% to 7% on BSE. In comparison, the S&P BSE Sensex was down 0.49% at 36,306 points at 11:32 am.

BEML was up 7% at Rs 911, surging 30% in the past 10 trading days. The company on November 23, announced that it has bagged contract worth of Rs 30.15 billion from the Mumbai Metropolitan Region Development Authority (MMRDA) to supply