Rail stocks fall after interim Budget announcement

Shares in firms manufacturing railway components fall after the interim railway budget unveiled on Wednesday lacked any major capital spending announcement, dealers say.

Although broadly expectations of any major announcement had been low, some traders had bet on a potential positive surprise leading to the announcement.

The railway budget kept passenger fares and freight rates unchanged.

Kernex Microsystems (India) slumped 5.8 per cent, Kalindee Rail Nirman Engineers is down 2.7 per cent and Titagarh Wagons fell 2.4 per cent.


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