Aashish Tater of Fortunewizard.com told CNBC-TV18, "In last 10 years, on Railway Budget day normally stocks goes for profit booking. This has been a trend for 10 years with a probability of almost 85 percent that railway stocks take a rally three months prior and then the stocks give up all its gains in just next three to four days after Rail Budget. If that is the scenario we feel that Titagarh Wagons whenever there will be positive wagon announcement will be beneficiary but if you see the valuations front, it is very expensive."
"We are not very comfortable with Kernex Microsystems. If we have to take a proxy play we think one stop shop solution will be the best play in this particular sector which is Texmaco Infrastructure and Texmaco Rail. Texmaco Rail and Kalindee Rail already taken a very sharp run up. So take strategic switch form Texrail and invest in Texinfra which is the holding company of this particular company. They also own a large tract of land which is worth more than the current market cap itself," he added.
"We are very bullish on Texmaco Rail, Kalindee Rail and holding company Texmaco Infrastructure and Holdings where we feel substantial upside from current levels."
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