Titagarh Wagons

Rail stocks show mixed trend ahead of Budget

Kalindee Rail Nirman shares plunged six percent and those of Texmaco Rail & Engineering tanked 5.28 percent on the BSE.

Rail stocks fall as much as 6% ahead of budget

Two companies — Kalindee Rail Nirman and Stone India — however defied the broader market trend and settled in the positive territory with gains of 1.15 percent and 0.59 percent respectively.

Railway Budget 2014: These stocks have been in demand; will they remain buoyant?

The stocks have been on a roll as investors hope the government's infra push will give a boost to these companies

India targets $1 billion private investment by 2017 to build rail lines

India is targeting up to $1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion, which has delayed coal imports for power plants and contributed to a power supply crisis.