Railway stocks gain ahead of the budget

New Delhi, Feb 12: Stocks of companies associated with the railways increased around noon Wednesday, just before Railway Minister Mallikarjun Kharge started to present the interim budget of the network for the next fiscal.

At the Bombay Stock Exchange (BSE), shares of wagon maker Texmaco Rail and Engineering grew 0.58 percent to trade at Rs.43.25 around 12 p.m. rising a bit from the intra-day low of Rs.42.85.

Scrip of Kalindee Rail Nirman (Engineers) increased 1.43 percent at Rs.67.30, moving up from the intra-day low of Rs.65.75.

Stocks of another wagon manufacturer Titagarh Wagons reported gain of 1.99 percent at Rs.107.40. However, shares of Hind Rectifiers slipped 5.40 percent to trade at Rs.33.30.

Another firm doing business with the railways Transformers and Rectifiers (India) saw its stock rise 0.94 percent to trade at Rs.75.50.

IANS