Comments
Shares of companies related to rail sector have taken a dive after Railway Minister, D V Sadananda Gowda, presented his maiden Rail Budget today.
In fact, some of these stocks had touched new 52-week high on expectations of benefiting from Budget announcements, which probably did not happen or investors chose to book profits, which explained the behaviour of some of the stocks in the sector.
Container Corporation of India was probably the exception even in a limited way with the stock trading at Rs 1,365, a gain of Rs 21.25. The share had touched a 52-week high of Rs 1,410 but had fallen to a low of Rs 1,310.20 from which it made a recovery on the NSE.
BEML was quoting at Rs 780, a fall of Rs 35.70. This stock had touched a high of Rs 832.40 and a low of Rs 778. Titagarh Wagons was down by nearly 10 per cent from the high it touched today. The stock was trading at Rs 314.45, down from the yearly high of Rs 338.90 that it had touched today.
Kalindee Rail Nirman was trading at Rs 128.55, down from Rs 141.90 which was its new yearly high, and Texmaco Rail & Engineering slipped to Rs 127.50 from the 52-week high of Rs 150 the stock had hit today.
>Railway Budget 2014 - Full coverage
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.