Titagarh Wagons, Kalindee Rail Nirman (Engineers) and Kernex Microsystems (India) have plunged more than 12% each are trading at their 52-week lows on the Bombay Stock Exchange.
The railway minister said the target of 700 km of new lines in the current year (2012-13) had to be scaled down to 470 km due to inadequate resources.
The target of 800 km for gauge conversion fixed for 2012-13 has also been scaled down to 575
Railway stocks nosedive at the bourses
Lacklustre markets end flat
Markets end sharply lower amid weak global cues
Bengal Leads 2013: No-show from India Inc