Hold Titagarh Wagons, stock looks attractive: Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "I think one should hold on to Titagarh Wagons because there should be a kind of a run up to the Budget; this year the Rail Budget and the Union Budget will be presented together and hopefully for the wagon business this could be a big play and they have also entered the defence business. The defence business has also started gaining traction. Therefore, from Rail Budget perspective it's better to hold on." "I presume that this time there could be some good news for wagon manufacturers because last time the rail ministry did mention about wagon procurement but nothing came out," he said."So, hopefully this time there could be some announcement and probably there could be a kind of a short-term run up but even from medium-term kind of position, this stock definitely looks attractive."