Interim Railway Budget on track; stocks remain mixed

No surprises as railway minister Mallikarjun Kharge's announcements made in his speech today while presenting the interim railway budget, were largely on expected lines

Railway-related stocks are trading mixed after presentation of the interim Railway Budget for 2014.

At 12:25pm, Titagarh Wagons scrip was up 0.76%, BEML jumped 1.87%, Kalindee Rail Nirman inched 1.13 % higher while  Kernex Microsystems was down 1.08% and Hind Rectifiers slipped over 7%.

Among major announcements that Kharge made was the inclusion of the north-eastern states of Meghalaya and Arunachal Pradesh on the railway map by FY 2015, which until now enjoy very low connectivity.

The minister also announced the completion of the 11.2-kilometre-long banihal -qazigund rail link in Jammu & Kashmir, terming it as "landmark project. 2270-km of new rail tracks in five-year plan period, 4556 km of electrification in five-year plan period were also announced, surpassing the planned target of 45,00 kms for electrification.