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    Wagon makers fall; rail budget seen lacking spark

    RELATED QUOTES

    SymbolPriceChange
    TWL.NS169.95-1.75
    TEXRAIL.NS48.850.15
    BEML.NS186.4015.35
    KALINDEE.NS91.055.65
    MFGLQ0.02340.00

    Reuters Market Eye - Shares of wagon manufacturers extend falls after the 2013/14 railway budget unveiled by the government was seen as lacking big announcements or projects.

    Texmaco Rail and Engineering Ltd (NSI:TEXRAIL.NS - News) falls 1.84 percent, while Titagarh Wagons Ltd (NSI:TWL.NS - News) ended down 8.3 percent.

    Kalindee Rail Nirman Engineers Ltd (NSI:KALINDEE.NS - News) slumps 11.2 percent, while BEML Ltd (NSI:BEML.NS - News) lost 3 percent. Stone India ended down 16.2 percent in trade.

    (Reporting by Abhishek Vishnoi)