Rail stocks show mixed trend ahead of Budget

Mumbai: Rail stocks showed a mixed trend in morning trade today ahead of the Railway Budget to be presented shortly.

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

Besides, Simplex Castings stocks were down by 5.58 percent and Stone India dipped 3.35 percent, respectively.

On the other hand, shares of Kernex Microsystems jumped 4.18 per cent, Titagarh Wagons was up 3.22 percent and BEML rose by 2.37 percent, respectively.

Share prices of companies related to the rail sector have rallied quite sharply in recent weeks.

In the broader market, the benchmark BSE Sensex was trading lower by 52 points at 28,955.99 in late morning trade.