Stocks of companies related to railways sector today closed with gains of up to 8 per cent on hopes of reform measures in the rail budget to be presented on Tuesday next week.
Texmaco Rail & Engineering Ltd zoomed 7.69 per cent, while Titagarh Wagons rose by 4.98 per cent on the BSE.
Among others, Kernex Microsystems India gained 4.97 per cent and Kalindee Rail Nirman (Engineers) surged 4.97 per cent.
"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 on July 8 in Parliament.