Railway-linked stocks decline after budget (Roundup)

Mumbai, July 8 (IANS) Stocks of companies associated with the railways declined Tuesday after Railway Minister D.V. Sadananda Gowda presented his maiden railway budget in the Lok Sabha.

Profit booking wiped out the early gains made in these stocks at the end of Tuesday's trade.

At the Bombay Stock Exchange (BSE), Kalindee Rail Nirman (Engineers) decreased 4.99 percent or 6.75 points at Rs.128.60, moving down from previous close of Rs.135.35.

Stocks of Transformers and Rectifiers (India), reported loss of 0.34 percent or 0.75 points at Rs.219 from its previous close of Rs.219.75. Hind Rectifiers shares too cane under selling pressure, it fell 4.94 percent or 2.95 points at Rs.56.80 from previous close of Rs.59.75.

Container Corporation of India stocks lost 7.12 percent or 95.95 points at Rs.1,252.10 from its previous close of Rs.1,348.05.

Shares of wagon maker Texmaco Rail and Engineering fell 19.84 percent or 28.90 points to trade at Rs.116.80, declining from its previous close of Rs.145.70.

Scrips of another wagon manufacturer Titagarh Wagons, was down 4.99 percent or 16.50 points at Rs.314.05 from its previous close of Rs.330.55.

Stone India's scrip lost 4.91 percent or 2.35 points at Rs.45.55 from its previous close of Rs.47.90.