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Shares of Titagarh Wagons, Texmaco Rail Engineers and Cimmco have rallied by up to 6% on the BSE on reports that the government has released its first order for railway wagons.
“The Railways board issued orders to listed wagon manufacturers including Texmaco Rail, Titagarh, Cimmco, and also to unlisted entities such as Modern Industries, Hindustan Engineering, Besco and Jupiter Wagons, informing them of the decision to release 50% of their respective withheld allocations”, the DNA report suggests.
Titagarh Wagons has surged 6.4% to Rs 317 on BSE. The stock touched a high of Rs 329 and seen over two-fold jump in trading volumes. Cimmco has rallied 6.2% to Rs 52.15 , while Texmaco Rail & Engineers up 3% at Rs 120 on BSE.
Meanwhile, the BSE said the exchange has sought clarification from both these companies with respect to the news media report appearing on DNA on November 21, 2014 titled "Modi Govt releases first rail wagon orders."
“The Railways board issued orders to listed wagon manufacturers including Texmaco Rail, Titagarh, Cimmco, and also to unlisted entities such as Modern Industries, Hindustan Engineering, Besco and Jupiter Wagons, informing them of the decision to release 50% of their respective withheld allocations”, the DNA report suggests.
Titagarh Wagons has surged 6.4% to Rs 317 on BSE. The stock touched a high of Rs 329 and seen over two-fold jump in trading volumes. Cimmco has rallied 6.2% to Rs 52.15 , while Texmaco Rail & Engineers up 3% at Rs 120 on BSE.
Meanwhile, the BSE said the exchange has sought clarification from both these companies with respect to the news media report appearing on DNA on November 21, 2014 titled "Modi Govt releases first rail wagon orders."
