Railway related shares in focus; Titagarh Wagons, Texmaco Rail up over 5%

Titagarh Wagons, Texmaco Rail, Kalindee Rail, BEML, Hind Rectifiers and Stone India are up 2-7% on the BSE

Shares of railway-related companies are trading higher on the Bombay Stock Exchange (BSE) after the government approved Rs 8,349 crore investments on rail freight lines in three states.

Titagarh Wagons (7% at Rs 119), Texmaco Rail & Engineering (up 6% at Rs 141), Kalindee Rail Nirman (6% at Rs 142), Hind Rectifiers (4% at Rs 81), Stone India (3% at Rs 83), Kernex Microsystems (2% at 44) and BEML (2% at Rs 1,067) have surged on the BSE.

The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved an investment of Rs 8,349 crore for laying down multiple freight-specific rail lines in Odisha, Chhattisgarh and Andhra Pradesh. CLICK HERE TO READ FULL REPORT