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Rail Budget 2012: Railway stocks slump in noon trade

At the BSE, shares of wagon maker Texmaco Rail and Engineering fell 5.62 per cent to trade at Rs 67.20 around 12.50 pm, rising a bit from the intra-day low of Rs 66.75.

BT Online Bureau   Mumbai     Last Updated: March 14, 2012  | 13:43 IST

Stocks of companies associated with railways slumped around noon on Wednesday, soon after the Railway Minister Dinesh Tivedi presented the Rail Budget 2012-13.

LIVE BLOG:Dinesh Trivedi's Speech

At the Bombay Stock Exchange, shares of wagon maker Texmaco Rail and Engineering fell 5.62 per cent to trade at Rs 67.20 around 12.50 pm, rising a bit from the intra-day low of Rs 66.75.

Scrip of Kalindee Rail Nirman (Engineers) slumped 4.46 per cent at Rs 107.20, moving up from the intra-day low of Rs 106.15.

FULL COVERAGE:Railway Budget 2012

Stocks of another wagon manufacturer Titagarh Wagons reported a fall of 4.47 per cent at Rs 410.65 while shares of Hind Rectifiers slipped 2.75 per cent to trade at Rs 46.

However, Bharat Earth Movers reported a marginal increase at Rs 681.50, while another firm doing business with the railways Transformers and Rectifiers (India) saw its stock rise 1.95 per cent to trade at Rs 180.20.

With IANS inputs

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