Railway stocks dip further as Prabhu presents Railway Budget 2016

Get the latest News and Highlights of the Indian Railway Budget 2016 presented by Suresh Prabhu

Railway stocks dipped further as Suresh Prabhu presented Railway budget, wherein  he proposed to increase capital outlay to Rs.1,21 lakh crore. He also proposed to set up two locomotive factories. These new factories will be set up with an order book of Rs. 40,000 crore.  

Second largest freight wagon manufacturer Titagarh Wagons Ltd is currently trading at Rs. 120.8, down by Rs. 2.95 or 2.38% from its previous closing of Rs. 123.75 on the BSE. The scrip opened at Rs. 125.7 and has touched a high and low of Rs. 127 and Rs. 118.3 respectively. So far 7894304(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1427.88 crore.

Country’s India's leading freight car manufacturers Texmaco Rail & Engineering Ltd is currently trading at Rs. 125.4, down by Rs. 5.65 or 4.31% from its previous closing of Rs. 131.05 on the BSE. The scrip opened at Rs. 133.05 and has touched a high and low of Rs. 134 and Rs. 121.1 respectively. So far 2560634(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2755.77 crore.

Bharat Forge Ltd is currently trading at Rs. 733.4, down by Rs. 26.45 or 3.48% from its previous closing of Rs. 759.85 on the BSE. The scrip opened at Rs. 764.15 and has touched a high and low of Rs. 767.45 and Rs. 730.05 respectively. So far 457467(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17689.31 crore.

BEML Ltd is currently trading at Rs. 1016, down by Rs. 1.95 or 0.19% from its previous closing of Rs. 1017.95 on the BSE. The scrip opened at Rs. 1033.95 and has touched a high and low of Rs. 1040 and Rs. 1002.8 respectively. So far 479353(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4238.74 crore.

Kalindee Rail Nirman (Engineers) Ltd is currently trading at Rs. 129.5, down by Rs. 5.5 or 4.07% from its previous closing of Rs. 135 on the BSE. The scrip opened at Rs. 135 and has touched a high and low of Rs. 136.1 and Rs. 127 respectively. So far 2546349(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 222.89 crore.