Indian railway stocks fall after interim budget, Kernex Microsystems, Kalindee Rail, Titagarh Wagons plunge

Feb 12 2014, 13:42 IST
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Indian railway stocks fall after the interim railway budget unveiled on Wednesday lacked any major capital spending announcement, dealers say. (AP) Indian railway stocks fall after the interim railway budget unveiled on Wednesday lacked any major capital spending announcement, dealers say. (AP)
SummaryIndian railway stocks fall after the interim railway budget unveiled on Wednesday lacked any major capital spending announcement, dealers say.

Indian railway stocks 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 Indian railway budget kept passenger fares and freight rates unchanged.

Kernex Microsystems (India) Ltd slumps 5.8 percent, Kalindee Rail Nirman (Engineers) Ltd is down 2.7 percent and Titagarh Wagons Ltd falls 2.4 percent.

Rail budget 2014: No hike in passenger fares, 72 new trains announced by Railway Minister Mallikarjun Kharge

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