 "Rail related stocks in focus; Titagarh, Kalindee Rail, Texmaco up over 5%")
Shares of railway related companies such as Texmaco Rail & Engineering, Titagarh Wagons, Kalindee Rail Nirman (Engineers), BEML and Stone India rallied up to 9% on the BSE ahead of Rail Budget next week.
The forthcoming Rail Budget 2016, to be presented by Railway Minister Suresh Prabhu on February 25.
Meanwhile, the central government on Wednesday approved around Rs 11,000 crore worth of capacity augmentation in the railways through construction of additional infrastructure to cater to the growth in passenger and freight traffic.
Among the individual stocks, Titagarh Wagons surged nearly 9% to Rs 139, while Stone India too up 9% to Rs 73.50 on the BSE. Texmaco Rail & Engineering and Kalindee Rail Nirman (Engineers) rally 7% each at Rs 144 and Rs 149, respectively, while BEML up 3% at Rs 968 at 03:11 PM.
The forthcoming Rail Budget 2016, to be presented by Railway Minister Suresh Prabhu on February 25.
Meanwhile, the central government on Wednesday approved around Rs 11,000 crore worth of capacity augmentation in the railways through construction of additional infrastructure to cater to the growth in passenger and freight traffic.
Among the individual stocks, Titagarh Wagons surged nearly 9% to Rs 139, while Stone India too up 9% to Rs 73.50 on the BSE. Texmaco Rail & Engineering and Kalindee Rail Nirman (Engineers) rally 7% each at Rs 144 and Rs 149, respectively, while BEML up 3% at Rs 968 at 03:11 PM.