Mumbai: Stocks of companies related to railways sector continued to surge for the second straight session, gaining up to 13 percent on Monday ahead of the Rail Budget on Tuesday.
Shares of Texmaco Rail & Engineering surged 13.03 percent, while Titagarh Wagons rallied 4.99 percent on the BSE.
Kalindee Rail Nirman (Engineers) was up 4.96 percent and Kernex Microsystems soared 4.38 percent.
On Friday also, these stocks had gained up to 8 percent.
"Some measures which can be expected in this railway budget are FDI in railways, increasing the number of trains, increasing the speed of the trains by cleaning up surrounding areas of railway tracks, introduction of bullet trains," said Yogesh Nagaonkar, VP- Institutional Equities, Bonanza Portfolio.
Railways Minister Sadananda Gowda will present his maiden rail budget tomorrow in Parliament.
Meanwhile, the broader market was also strong with the benchmark Sensex gaining 138.02 points to close at 26,100.08.
