Source: DRHP Filings of RITES Ltd
This post is in continuation of my 5 Stocks Series (see here)
Rail Stocks have been massacred in 2013 YTD as can be seen from the table below:
|Symbol||Close on 31 Dec,2012||Close on 21 June,2013||Loss|
This post is in continuation of my 5 Stocks Series (see here).
Rail Wagon Stocks are having a terrible time this year as the table below indicates:
|Symbol||Close on 31 Dec, 2012||Close on 18 April, 2013||Loss|
The fiasco over the rail budget has wrecked the market caps of Rail wagon companies.
Consider the performance of the rail stocks post the rail budget till now:
CIMMCO (down 22%)
Kalindee (down 59%)
Texrail (down 22%)
TWL (down 30%)
None of these stocks are in the F&O segment else they would have been butchered even further.
Considering the poor finances of Indian railways, the under performance should continue till the next Rail budget at least.
A sector to avoid.