Railway stocks in demand
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Railway-related stocks are witnessing buying interest and trading higher by up to 10% on back of heavy volumes in an otherwise subdued market.
Texmaco Rail & Engineering, Titagarh Wagons, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are up between 4-10% on the Bombay Stock Exchange (BSE). In comparison, the benchmark Sensex was down 0.11% at 27,835.
Among the individual stocks, Titagarh Wagons has rallied 9% to Rs 254 on BSE. The stock opened at Rs 237 and touched a high of Rs 263 so far.
A combined 228,875 shares changed hands on the counter till 1200 hours against an average sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.Stone India has locked in upper circuit of 10% at Rs 58, followed by Kalindee Rail Nirman (5% to Rs 103), Kernex Microsystems (5% to Rs 63) and Texmaco Rail and Engineers (4% to Rs 100).
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