Railway-related stocks fall on profit booking ahead of budget
Jul 08 2014 , Mumbai
Titagarh Wagons Ltd, which has risen 183 percent in 2014 compared to the Nifty's gain of 23.65 percent, falls 4.4 percent.
Texmaco Rail & Engineering Ltd is down 1.3 percent and BEML Ltd slumps 3.7 percent.
Any increase in the FY15 outlay for railways compared to 643 billion rupees ($10.73 billion) set in the previous budget would be seen as positive, investors say.
Also, any specific mention regarding increase in allocation or procurement for wagons will be positive for wagon manufacturers.