Rail Stocks Witness Selling Pressure

The BSE Sensex was down 10.27 points, or 0.05% at 19,656.32.

Railway Minister Pawan Kumar Bansal on Wednesday, 9 January 2013, said while announcing the rationale for hike passage rail fares that due to no fare hike during the past ten years.

Railways internal resource generation was seriously impacted, resulting in scaling down of Annual Plan size, which has now been limited to Rs 51000 crore in 2012-13 as against Rs 61000 crore that was originally targeted. 

Kernex Microsystems (down 6.27%),
Kalindee Rail Nirman (Engineers) (down 4.82%),
Titagarh Wagons (down 3.66%),
Simplex Casting (down 3.42%),
Stone India (down 2.85%),
Container Corporation of India (down 2.41%),
Bhel (down 2%),
Hind Rectifiers (down 1.43%),
Texmaco Infrastructure & Holdings (down 0.71%),
Zicom Electronic Security Systems (down 0.51%),
TRIL (down 0.4%)
BEML (down 0.39%) edged lower.  [Via]

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