Hold Titagarh Wagons, says Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Titagarh Wagons - we have seen this phenomenon of all the stocks probably moving before the rail budget and correcting after that but probably one needs to understand that this time around that the last four quarters at least the railway ministry has made big efforts and if you look at the capex that is probably going to get incurred specifically on wagons and locomotives, there is going to be substantial increase happening. So in that sense itself if the investor has more than a three years time horizon, the stock can definitely be held on to but definitely if one has a shorter timeframe of a couple of quarters probably any rallies on that stock would be taken as an opportunity to exit."At 15:10 hrs Titagarh Wagons was quoting at Rs 154.10, down Rs 4.55, or 2.87 percent.