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Stocks of railway related companies like Titagarh Wagons, Timken India, Texmaco Rail and Engineering, BEML, Kalindee Rail, Alstom T&D India, Hind Rectifiers and Stone India were trading mixed today after a rally seen yesterday in run up to the Budget.
Titagarh Wagons was down 2.06 per cent at Rs 121.20, Timken India up 1.56 per cent at Rs 447, Texmaco down 3.7 per cent at Rs 126.20, BEML down 0.53 per cent at Rs 1,012.60, Kalindee down 3.56 per cent at Rs 130.20 and Stone India up 1.77 per cent at Rs 69.15.
Expectations are higher from Railway Budget than the Union Budget as the the government has laid thrust on improving railway infrastructure for sprucing up economic growth.
Railway Minister Suresh Prabhu has announced plans to spend $132 billion on railways in the next five years. There are expectations that he is likely to increase the overall capital outlay for Indian railways by 20-25 per cent to Rs 1.25 lakh crore, with a thrust likely on improving rail infrastructure, safety and upgrading the current rolling stock .
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