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Rail stocks gather pace, surge up to 12%

Rail stocks gather pace, surge up to 12%

Thursday, April 6, 2017, 5:16 PM

Rail stocks today surged up to 12% after the Cabinet approved setting up an independent rail regulatory authority to determine tariffs and frame other necessary guidelines. Shares of Stone India soared 12.09%, Kernex Microsystems rose by 4.97% and Texmaco Rail & Engineering gained 1.15% on BSE. The RDA will be formed through an executive order of the government, according to the Cabinet decision.
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