Railway related stocks such as Kalindee, Texmaco Rail, Kernex rallied up to 14 per cent in intraday trade on Thursday, after the government notified liberalised FDI norms for the Railways, permitting 100 per cent foreign direct investment through automatic route in several areas, including high speed trains.
Reacting to the news, Texmaco Rail & Engineering surged as much as 14 per cent, followed by Kalindee Rail Nirman, Titagarh Wagons, Kernex Microsystems, Stone India and BEML which were all locked in upper circuit, up 5 per cent each.
Reacting to the news, Texmaco Rail & Engineering surged as much as 14 per cent, followed by Kalindee Rail Nirman, Titagarh Wagons, Kernex Microsystems, Stone India and BEML which were all locked in upper circuit, up 5 per cent each.
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