Hold Titagarh Wagons, Texmaco Rail: SP Tulsian

SP Tulsian of sptulsian.com advises traders to hold Titagarh Wagons and Texmaco Rail for three to six months.

Tulsian told CNBC-TV18, “Investors can continue to hold the view for railway stocks about three to six months. Mere non-reference of the quantity or reference of any procurement schedule given for the wagon does not mean that Titagarh Wagons and Texmaco Rail & Engineering does not qualify as a good investments. The kind of corrections which we have seen in both the stocks does not deserve these kind of valuations, so both can be held on with a time horizon of three to six months.”
He further added, “Kernex Microsystems or Kalindee Rail I do not see any kind of reprieve for those stocks because there are no specific reference in respect to the signalling equipments or maybe the track order coming to them or maybe in respect to the anti-collision devices for Kernex. So in those stocks one may not exit now, but they should look to exit from those stocks in a rally as an investor. For traders I do not think that there is any point in remaining invested in all these rail stocks.”