Railway-related stocks subdued ahead of interim Railway Budget

Railway-related stocks are trading subdued ahead of the interim Railway Budget tomorrow

Shares of rail-related stocks are trading flat today ahead of the interim Rail Budget to be presented by Railway Minister Mallikarjun Kharge on Wednesday, February 12, 2014.

Generally, these stocks rally ahead of the presentation of the Rail Budget on expectation of new orders for wagons and other rail infrastructure such as signalling systems among others.

State-owned heavy engineering company BEML which manufactures railway engines was down 0.4% at Rs 197.50.

Kalindee Rail Nirman (Engineers) Lts which specialises in execution of rail track, signalling and telecommunication projects on turnkey basis was down 0.2% at Rs 67.40.

Texmaco Rail and Engineering which makes special freight wagons, tank wagons and container rakes was up 0.9% at Rs 42.90

Hind Rectifiers which has expertise in design and manufacture of power semi-conductor, power electronic equipments and rail traction equipments was down 3.2% at Rs 34.70.