Look at Texmaco Rail: Neeraj Dewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "We cover Texmaco Rail; that is a complete railway solution company. If you see from the valuation point of view, if you are looking at couple of years ahead with whatever is visible right now, the stock might be fairly valued. I will not say that it is expensive but it is fairly valued. However, if dedicated freight corridor (DFC) is coming in and they are going to get orders from that which they are ready for and the kind of spending which we are looking ahead I think still that stock has a lot of potential to go."

"So, it is not at that inflated valuation but there will be a fair valuation for whatever is visible. However, any sort of thrust and faster execution which can come in railways can impact the stock a lot even from these levels," he said.