Hold Titagarh Wagons, says Vishal Malkan

Vishal Malkan, CMT at malkansview.com told CNBC-TV18, "One may hold on Texmaco Rail and Engineering and Titagarh Wagons as we are approaching the Railway Budget, based on the chart pattern we should expect some positive momentum on both. Both the stocks should move quite decently on the upside, so should hold on to both the stocks. If one wants to investment fresh then he/she should diversify into other sectors like power which are looking good stocks. Right now Adani Power, Reliance Power are given good breakouts on daily as well as weekly charts, so you can diversify into that also."

On Monday, Texmaco Rail and Engineering ended at Rs 157.90, down Rs 4.10, or 2.53 percent. It has touched a 52-week high of Rs 170.75 on the BSE.