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L&T, IRB Infra, Siemens, other capex stocks fall up to 7% on downgrades after Budget

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With the Union Budget shifting focus away from capex-led growth, capex-linked stocks like L&T, IRB Infra and Siemens fell up to 7% amid downgrades and target price cuts of infrastructure-related stocks.

L&T shares were trading 4% lower at Rs 3,313 while IRB Infra fell over 5% and Siemens was…

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