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Share prices of companies that cater to the railway segment jumped between one per cent and 2.5 per cent even as the overall market condition remained weak after the Government announced introducing new 100 trains.
Texmaco Rail & Engineering moved up 0.96 per cent to Rs 63.20, Kalindee Rail Nirman (Engineers) gained 1 per cent to Rs 89.9, Titagarh Wagons flared up 1.35 per cent to Rs 299.9, Kernex Microsystems jumped 1.9 per cent to Rs 64.65 and Hind Rectfiers edged up 1.66 per cent to Rs 64.30.
According to reports, Indian Railways plans to introduce about 100 trains, including AC double deckers, new passenger services and extension of services to cater to the demands of various States in the Rail Budget 2013-14.
As far as the rolling stock programme is concerned, the announcement will be made for manufacturing of 4,200 new coaches including 600 LHB coaches in the Rail Budget, said a PTI report quoting official sources.
Meanwhile, the BSE Sensex and the NSE Nifty were trading lower by about 0.9 per cent.
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