Shares of companies related to the railways sector today closed up to 9 per cent higher a day after Prime Minister Narendra Modi expanded his Union Cabinet and appointed Suresh Prabhu as the new Railway Minister.
Texmaco Rail & Engineering surged 8.98 per cent, while Kalindee Rail Nirman (Engineers) climbed 8.10 per cent and Titagarh Wagons rose by 3.62 per cent on the BSE.
Kernex Microsystems India jumped 4.96 per cent, Stone India was up 2.58 per cent.
Market experts said these scrips rose on hopes of reforms and investment in the rail sector.
Suresh Prabhu was yesterday inducted into the Union Cabinet and given Railway portfolio as Prime Minister Narendra Modi undertook an expansion of his council of ministers and reshuffled portfolios while bringing in 21 new faces.
In the broader market, the BSE benchmark Sensex ended flat, up 6.10 points at 27,874.73.
