Most railway stocks plunged on Tuesday ahead of the Railway
Budget on Tuesday. Expectations of muted expenditure on railway
infrastructure and the assumption that there would be no further
fare hikes may have contributed to the fall, according to
analysts.All eyes will be on Bansal to see whether he yields to
pressure of hiking passenger fares yet again or looks at other
measures to mobilise resources to offset the burden of the recent
diesel price hike.Hind Rectifiers dropped the most with fall of
6.86%, followed by Stone India (4.21%), Kalindee Rail (4.02%),
Kernex Microsystems (3.54%), Titagarh Wagons (3.44%) and Texmaco
Rail Engineering 3.08%.
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