Wagon makers fall; rail budget seen lacking spark

Tue Feb 26, 2013 3:55pm IST

A bicycle hangs from the window of a train at Parsha Bazar railway station in Bihar October 27, 2012. REUTERS/Navesh Chitrakar

A bicycle hangs from the window of a train at Parsha Bazar railway station in Bihar October 27, 2012.

Credit: Reuters/Navesh Chitrakar

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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 (TEXA.NS) falls 1.84 percent, while Titagarh Wagons Ltd (TITW.NS) ended down 8.3 percent.

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

(Reporting by Abhishek Vishnoi)

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