RAILWAY STOCKS GAIN AHEAD OF THE BUDGET, TEXMACO, BEML UP (14-MAR-2012) - goldennifty.com

RAILWAY STOCKS GAIN AHEAD OF THE BUDGET, TEXMACO, BEML UP

14^th March – 2012

Shares of BEML, Kalindee Rail, Texmaco trade firm on Wednesday ahead of the Rail Budget 2012. Minister for Railways, Dinesh Trivedi would be presenting the Railway Budget for the financial year 2012-2013 today. www.goldennifty.com

Shares of BEML surged 1.7%, Kalindee Rail Nigam moved 1.30% higher and Kernex Microsystems gained 2.30 per cent. Titagarh Wagons was down 0.5% lower and Stone India was down 1.2%.

According to Railway analysts, wagon makers such as Titagarh Wagons, Texmaco will be in limelight, as lot of wagon companies are likely to get big orders to improve safety measures.

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