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Rail Budget 2012: Railway stocks slump in noon trade

BT Online Bureau     March 14, 2012
Stocks of companies associated with railways slumped around noon on Wednesday, soon after the Railway Minister Dinesh Tivedi presented the Rail Budget 2012-13.

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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.

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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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